The connectivity to this global airport will be done by 2016 and the completion of the project will take nearly 5-6 years, says Sanjay Bhatia.
City and Industrial Development Corporation (CIDCO) has indicated that the first phase of the new international airport will be ready by December 2018. CNBC-TV18 spoke to the VC and MD of CIDCO Sanjay Bhatia to know what are the initiatives taken by the agency on infrastructure front and what does the project pipeline look like going ahead.
According to Bhatia, the proposed Rs 14,500 crore international airport at Navi Mumbai will complete its first phase by December 18 and will begin operations soon after. The connectivity to this global airport will be done by 2016. The completion of the project will take nearly 5-6 years.
The agency has settled all the disputes related to land acquisition with the villages with a much favourable settlement package.
CIDCO is also developing a 600 sq mt township for the airport. The Mumbai Trans Harbour link is expected to be ready by 2019, says Bhatia.
The other key projects in CIDCO's pipeline include Rs 2,100 crore metro rail project in Navi Mumbai, Rs 1,421 crore Nerul-Belapur-Ural rail project and Rs 1,450 crore Balanga dam project.
The agency is also aiming to construct 6,000 affordable houses and Rs 36 crore nature park project, Bhatia adds.
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