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Navi Mumbai airport cost has risen three times,admits CM

CM Prithviraj Chavan admitted Monday the state continued to struggle to acquire the remaining 291 hectares for Navi Mumbai International Airport and said as a result,the project cost had escalated three times.

Written by Express News Service |
April 2, 2013 3:53:52 am

CM Prithviraj Chavan admitted Monday the state continued to struggle to acquire the remaining 291 hectares for Navi Mumbai International Airport and said as a result,the project cost had escalated three times. From Rs 4,766 crore in 2006-07,the cost has increased to Rs 14,573 crore,he said in reply to a question by member Sanjay Dutt in the legislative council.

CM said the increase,from 40 lakh to 60 lakh fliers a year,in the proposed capacity of the airport was another reason for the cost escalation.

“The project will be completed in four phases,the first phase will require Rs 9,150 crore. We are facing difficulty in acquiring land. Price of land and compensation to be paid to the project-affected have increased,” said Chavan.

Of the 2,072 hectares required for the airport,1,360 hectares are privately owned. The remaining 702 hectares is government land.

Of the 1,360 hectares of private land,CIDCO,the nodal agency for the project,has acquired 895 hectares.

Acquisition of 291 hectares has been delayed because of opposition by the project-affected who are demanding return of at least 30 per cent of developed land as against the CIDCO offer of 12.5 per cent.

A CIDCO official said the project-affected were not willing to settle for 12.5 per cent and wanted a huge monetary compensation or 30 per cent of developed land.

“We are planning to offer Rs 3.5 crore per hectare or 22.5 per cent of developed land. This proposition is going to make the project financially unviable,but we have no option,” he said.

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