Purandar airport: Maharashtra cabinet’s nod to SPV for Pune’s new international airport

The Maharashtra cabinet has approved the setting up of a special purpose vehicle, with CIDCO holding a majority stake in it, for the development of the proposed Purandar international airport in Pune

The Maharashtra cabinet, on March 5, 2019, granted its approval for setting up of a special purpose vehicle (SPV) for the proposed Purandar international airport in Pune. The Maharashtra Airport Development Corporation (MADC) has been appointed as the nodal agency for implementing the project, while the City and Industrial Development Corporation of Maharashtra (CIDCO) will be a major stakeholder in the SPV. The CIDCO will hold 51 per cent stake in the SPV, while MADC’s stake will be around 19 per cent.

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The remaining 30 per cent will be divided between the Maharashtra Industrial Development Corporation (MIDC) and Pune Metropolitan Region Development Authority (PMRDA). Pune district collector has been given the responsibility of acquiring land for the project, giving compensation and rehabilitating the project affected people.


Aviation ministry gives site clearance to new Pune international airport

Civil aviation minister Suresh Prabhu, has announced that his ministry has given the ‘site clearance’ for the international airport at Purandar, near Pune

May 9, 2018: The Civil Aviation Ministry, on May 8, 2018, said that it has given ‘site clearance’, for the construction of a greenfield international airport near Pune. Maharashtra chief minister Devendra Fadnavis had, in 2016, announced the setting up of a greenfield international airport at Purandar, in Pune district.

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“Today, I have accorded site clearance to the new greenfield airport for Pune at Purandar,” civil aviation minister Suresh Prabhu said in a tweet. “The existing airport has exhausted its capacity and this new airport will help us (to fly) more passenger and (carry out) cargo operations to the vibrant city of Pune,” the minister added.

Passenger traffic at the existing airport at Lohegaon, which is controlled by the Indian Air Force and operated by the Airports Authority of India (AAI), surged by 20.6 per cent to 8.16 million in fiscal 2017-18, compared to 6.76 million in fiscal 2016-17, as per the latest AAI data. The new airport is expected to come up at an estimated cost of Rs 14,000 crores and will be spread across an area of 2,400 hectares.