The Maharashtra government has approved the concession agreement in favour of Adani Group for the development of the Navi Mumbai International Airport.
The state Cabinet, in its weekly meeting on Wednesday, presided over by Chief Minister Uddhav Thackeray gave its green signal to Adani Airport Holdings Ltd (AAHL) as the new concessionaire to the prestigious Greenfield Airport coming up as a public-private partnership project.
Earlier, the airport was to be developed and operated by GVK which was running the Mumbai International Airport Ltd (MIAL), but last year it was taken over by AAHL, and the same was approved by the Directorate of Civil Aviation, Airports Authority of India, SEBI, CCI and finally the CIDCO, which is overseeing the mega-project.
The City and Industrial Development Corporation (CIDCO) is the nodal agency for NMIA coming up at Ulwe Kopar-Panvel in the Raigad district.
Published 23 June 2021, 17:09 IST