Tag Archives: Navi Mumbai

Adani acquires 74% stake in Mumbai airport, infuses much-needed liquidity

Adani Airport, a subsidiary of Adani Enterprises, is set to become India’s biggest private airport operator after acquiring the entire 50.5% stake of GVK Airport. This takes its total to 74% controlling stake in Mumbai International Airport Limited (MIAL) as well as the proposed Navi Mumbai International Airport Limited. The remaining 26% is held by AAI.

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First flight from Navi Mumbai airport to start in 3 years: RN Choubey

The first flight from the upcoming Navi Mumbai International Airport could start operating by September 2021, Civil Aviation Secretary R N Choubey has said. Choubey, who reviewed the progress of the greenfield project at a high-level meeting in Mumbai recently, said both the state government and the concessionaire are hopeful of starting flight operations in three years. “The state government and the concessionaire are optimistic that they will be in a position to start the first flight possibly in three years time from now,” Choubey told reporters in New Delhi. “We are trying to, off course, even compress it even further to see the first flight earlier because not all facilities need to be build to initiate the flights. But that’s probably the timeline and it’s going at very good speed,” he added. He said there has been “good cooperation” between the concessionaire, the project-affected persons and the state government in executing the airport project. The project is being carried out under the public-private-partnership model and Cidco has been mandated to execute the project. GVK group is developing the project. The group through its subsidiary, Mumbai International Airport (MIAL), holds 74 per cent stake in Navi Mumbai International Airport (NMIAL), while Cidco holds 26 per cent. In February this year, Prime Minister Narendra Modi laid the foundation stone for the airport, which will give a breather to single-runway and slot-constrained Chattrapati Shivaji International airport in Mumbai. Source: PTI

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PM flags off Navi Mumbai International Airport construction work

Prime Minister Narendra Modi attended the groundbreaking ceremony of Navi Mumbai International Airport. At a function in Navi Mumbai, he also dedicated the fourth container terminal at Jawaharlal Nehru Port Trust. The Prime Minister said that the Navi Mumbai airport project has been pending for years. He said delayed projects cause many problems, and the PRAGATI initiative had been initiated, to give priority to completion of projects. Also present were Maharashtra Governor C. V. Rao, Chief Minister Devendra Fadnavis, Union Ministers Nitin Gadkari, Ashok Gajapathi Raju, and Ramdas Athawale. He said India’s aviation sector is growing tremendously, and there is a sharp increase in the number of people flying. This makes quality infrastructure in the aviation sector of prime importance, he added. The Prime Minister said that the Union Government has brought an aviation policy that is transforming the sector. He added that a strong aviation sector also gives more economic opportunities. Better connectivity leads to more tourists coming to India, he said. The Prime Minister said that the Government of India is devoting significant efforts towards the development of waterways.

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Global Kokan Fest 2018 ends on a high note

The concluding day of the 6th Global Konkan Festival from January 6-10, 2018 held in Vashi, Navi Mumbai, started with Tourism Conference in which speakers from MTDC, Tourism Board, IRCTC and Tourism Ministry took part. Various schemes and facilities provided to the local as well as international tourists like train packages, spiritual tours, adventure sports, etc. were discussed. Suryahas Chaudhari from Bordi bagged the Paryatan Bhushan Awards 2018 for sustainable agro and ecotourism. Deepak Kesarkar, Minister of State for Home (Rural) said, “It is important to provide correct infrastructure to the people of Kokan region for them to develop businesses. Be it tourism, fisheries or any industry, we will be supporting each and everyone who wants to start their business. This will generate new jobs, aid reverse migration and raise the per capita income of the region.” The event also showcased Konkan’s culture with traditional dances, food and seafood available in the region, art and photo exhibitions, artifacts and local produce to promote trade and tourism opportunities in the region.

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Mumbai Port Trust to build Rs 300-crore worth projects by June

The Mumbai Port Trust (MbPT) is planning to open up a slew of citizen-focused facilities being built at a cost of up to Rs 300 crore over the next six months, a senior official has said. “Many projects are in different stages of development and nearing completion. Works of around Rs 250-300 crore will be opened before the onset of the monsoon,” said Sanjay Bhatia, Chairman, MbPT. The port remains one of the biggest land owners in the cramped megapolis and is undertaking a slew of projects aimed at benefiting the citizens and also the travel, tourism and hospitality sectors. The projects to be completed include starting the ropax ship, which ferries both passengers and motor vehicles, from Mumbai to Mandwa for which a separate jetty and break water is being built, a ferry service connecting south Mumbai with Belapur in the satellite city of Navi Mumbai and beautification of the waterfront at Princess Dock. Bhatia said a domestic cruise terminal with restaurants will also be inaugurated, which is slated to handle a cruise service between the financial capital and Goa that will be starting soon. The projects to be inaugurated also include water taxis on the eastern waterfront, two floating restaurants at Gateway of India and one at Marine Drive, he said, adding that for deepening the tourism potential, a ferry service to the Kanhoji Angre island at Khanderi will also be started. The port is planning an event for the Rs 3090-crore International Cruise Terminal on January 11. It will take up to 18 months to complete the project that is aimed at upping the calls by global cruises to the country. MbPT is also working on starting …

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MoCA grants ‘in principle’ approval for setting up of 18 Greenfield Airports

The Ministry of Civil Aviation (MoCA), Government of India (GoI), has granted ‘in principle’ approval for setting up of 18 Greenfield Airports in the country. The list of these airport along with the estimated cost is: Mopa in Goa (approx. Rs. 3100 cr), Navi Mumbai (approx. Rs. 16704 cr), Shirdi (approx. Rs. 320.54 cr) and Sindhudurg (approx. Rs. 520 cr) in Maharashtra, Bijapur (approx. Rs. 150 cr), Gulbarga (approx. Rs. 13.78 cr in initial phase), Hasan (approx. Rs. 592 cr) and Shimoga (approx. Rs. 38.91 cr) in Karnataka, Kannur in Kerala (approx. Rs. 1892 cr), Durgapur in West Bengal (approx. Rs. 670 cr), Dabra in Madhya Pradesh (approx. Rs. 200 cr), Pakyong in Sikkim (approx. Rs. 553.53 cr), Karaikal in Puducherry (approx. Rs.170 cr), Kushinagar in Uttar Pradesh (approx. Rs. 448 cr), Dholera in Gujarat (approx. Rs. 1712 cr) and Dagadarthi Mendal, Nellore Dist. (approx. Rs. 293 cr), Bhogapuram in Vizianagaram District near Visakhapatnam (approx. Rs. 2260 cr) and Oravakallu in Kurnool District (approx. Rs. 200 cr), Andhra Pradesh. The timeline for construction of airport projects depends upon many factors such as land acquisition, availability of mandatory clearances, financial closure, etc. by the individual operator. This information was given by the Minister of State for Civil Aviation Jayant Sinha in written reply to a question in Lok Sabha. The construction of airport project depends upon many factors such as land acquisition, availability of mandatory clearances, financial closure, etc. by the individual operator. The State Government of Maharashtra has completed the tendering process and MIAL is the highest bidder.

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7 new Fortune Hotels join Preferred Hotels & Resorts

Preferred Hotels & Resorts expands its partnership with Fortune Hotels (a member of ITC’s hotel group) by announcing the addition of seven new properties to its portfolio within the first quarter of 2016, bringing its partnership with the group to 9 total properties across key destinations in India, including Ahmedabad, Bengaluru, Chennai, Gurgaon, Navi Mumbai and Noida. The association between Preferred Hotels & Resorts and Fortune Hotels began in 2014 when My Fortune Bangalore and My Fortune Chennai joined the brand. Since January 2016, the seven Fortune Hotels additions to the Preferred Hotels & Resorts portfolio include Fortune Select Trinity, Bengaluru; Fortune Park, Ahmedabad; Fortune Select Global, Gurgaon; Fortune Inn Grazia, Noida; Fortune Select Exotica, Navi Mumbai; Fortune Select Grand, Chennai; and Fortune Select Excalibur, Gurgaon. Fortune Hotels, a wholly owned subsidiary of ITC Ltd, was set up in 1995 to cater to the mid-market to upscale market segment in business and leisure destinations. With this association, Preferred Hotels & Resorts enhances its presence in India with a total of 32 member hotels across the country. These member properties are located in key leisure and business cities and constitute some of the finest luxury hotels in India. The alliance is pivotal to Preferred Hotels & Resorts’ growth campaign in the Indian market and further cements the brand’s ties with Fortune Hotels. “Throughout its history, ITC’s hotel group has successfully established itself as one of the foremost hospitality brands in India. We are pleased to further strengthen our partnership with Fortune Hotels under the umbrella of the ITC’s hotel group. The fusion of traditional Indian hospitality and contemporary international standards, along with the brand support from ITC’s hotel group, makes Fortune …

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