The Maharashtra government has decided to hand over 250.0635 hectares of forest land in Raigad district to the City and Industrial Development Corporation (CIDCO), for the development of the Navi Mumbai International Airport (NMIA).
Of the total forest area, 108.607 hectares is under mangroves, while 141.4565 hectares is reserve forest land. The revenue and forest department, on July 11, 2017, issued a government resolution in this regard.
NMIA is touted to be one of the most ambitious projects undertaken by the state government, which is set to change the economy around Mumbai. The new international airport will have better facilities and higher capacity to handle passenger, as well as cargo traffic.
The airport and its allied facilities require 2,268 hectares of land, out of which 1,160 hectares would be utilised for aeronautical purposes.
It is to be developed through a public-private partnership, by way of setting up a special purpose vehicle (SPV). In the SPV, CIDCO and its nominees would have 26 per cent stake.