Summary:
Ten villages in Navi Mumbai have been impacted by the proposed airport. With the PM laying the foundation stone tomorrow, the Navi Mumbai International Airport, being built by the state-run Cidco and the GVK Group which also runs the Mumbai international airport, is all set to take off at a humongous cost of over Rs 16,700 crore. GVK Group will hold 74 per cent stake in the project, the rest being held by the Cidco and the Airports Authority of India. The City Industrial Development Corporation (Cidco), which is developing the new airport along with GVK Group, expects the first flight to take off in 2019. The second phase, to be completed by 2022, will take the handling capacity to 25 million passengers..