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Wednesday 24-Nov-2010

GVK Group to bid for Navi Mumbai Airport

CSIA— 37 per cent owned by GVK — has the right of first refusal on the airport, under the terms of a deal signed when it took over the existing airfield in 2006

By  Traveltechie Bureau | Mumbai

GVK Group will bid to manage the second airport--Navi Mumbai Airport as economic growth spurs travel demand as Domestic air traffic may surge fourfold to 180 million passengers annually by 2020, 

The government gave ‘in-principle’ approval to the Navi Mumbai Airport in July 2007, according to the Ministry of Civil Aviation’s (MoCA’s) website.