Prime Minister Narendra Modi on Sunday laid the foundation stone for Navi Mumbai International airport in Mumbai. While laying the foundation, PM Modi said that the issue of the new airport had been pending for many years now.
"We are working with a focused approach our government had the honour of bringing an aviation policy that is transforming the sector", he said, adding and slammed the previous non-BJP governments of "latkana, atkana, patkana" (delays, roadblocks and junking) involving infrastructure projects. He said the sector is growing tremendously and thus making quality infrastructure in the aviation sector is important. At last, one year order for 900 new airplanes has been placed.
He announced that now Reliance will take the Jio Movement forward with an even more ambitious new initiative for New India and New Maharashtra, by setting up the country's first-ever "Integrated Industrial Development Area" for the Fourth Industrial Revolution in Maharashtra.
Most of the property dealers in Navi Mumbai have been selling flats promoting them as very close to the airport and rates would sky rocket once the airport is fully functional.
Although Cidco has been claiming that the first phase with 10 million passenger capacity would be ready by 2019, aviation ministry expects the project to take at least five years for completion.More news: Noteworthy Stocks to Watch For: Citigroup Inc. (C), The Coca-Cola Company (KO)
Referring to the development of ports, the Sagarmala Project, and terrestrial projects in Mumbai and Navi Mumbai, Modi said the country needs world-class infrastructure for progress.
"India now has around 450 aircraft, both owned by the private civil aviation companies and the government.in the 70 years since Independence, we have 450 aircraft". He added that it was his government had formed an aviation policy that was not undertaken by any of the previous governments. The first phase of Navi Mumbai Airport is expected to cost around Rs 6,000 crore.
The PM also inaugurated the country's largest container terminal at Jawaharlal Nehru Port Trust, built at a cost of Rs 4,719 crore.
The project requires over 2,268 hectares of land, of which almost 1,160 hectares will be used for aeronautical purposes.
He performed the ground-breaking ceremony and the inauguration electronically in the presence of Maharashtra Governor C.V. Rao, Chief Minister Devendra Fadnavis, Union Ministers Nitin Gadkari, Ashok Gajapathi Raju, Ramdas Athawale and state ministers.