Hurdle cleared for Navi Mumbai International Airport
The central government has cleared a major hurdle in the development of the country's largest Greenfield Airport coming up here, an official said Monday
Thane: The central government has cleared a major hurdle in the development of the country's largest Greenfield Airport coming up here, an official said Monday.
The Ministry of Civil Aviation has approved the regulatory regime of "Shared Till" for the upcoming Rs.15,000-crore Navi Mumbai International Airport, in adjoining Raigad district.
This followed intervention by Chief Minister Devendra Fadnavis who was in New Delhi Sunday.
"Under the 'Shared Till' approach, the operator will retain a percentage of non-aeronautical revenues, generated from commercial activities like shops, concessions in terminal building, renting out parking lot, which enhances long-term project viability with attractive private participation through the PPP mode," the official said.
Sign up for all the latest news, top galleries and trending videos from Mid-day.comSubscribe