L&T IDPL bags EPC contract for Navi Mumbai airport
This article was published on : September 16, 2019
Navi Mumbai International Airport Private Limited (NMIAPL) has awarded the engineering, procurement and construction (EPC) contract for the greenfield airport to the L&T infra arm, L&T IDPL.
The work under the EPC contract includes cutting and filling, construction of terminal building, airfield development such as construction of runway, apron area, taxiways, airfield development and utilities and support facilities, among others, Mumbai International Airport Ltd (MIAL) said in a release.
The initial concession period for the over Rs 14,000 crore airport project is 30 years, extendable for a further 10 years. The Navi Mumbai airport, once commissioned, will initially have passenger handling capacity 10 mpa (million passengers per annum), which will be later scaled up to 20 mpa. NMIAPL is a public-private partnership venture in which GVK-led MIAL has a 74 per cent stake with CIDCO, the Maharashtra government’s nodal agency for the project, holding the remaining 26 per cent.
MIAL was declared the winning bidder for the greenfield international airport in Navi Mumbai that will be built on 1,160 hectares of land in phases and will eventually cater to 60 million passengers per year.