Pursuant to the MoU dated 18th Dec 2006 between Ministry of Civil Aviation and Govt. of Maharashtra a joint venture company named MIHAN India Ltd. having equity partnership of MADC 51% & AAI 49% was incorporated on 9th June 2009
MIHAN India Ltd. is mandated to develop and expand Nagpur airport as Multi-modal International Hub Airport
The Nagpur airport was then handed over to MIL by AAI on 7-8-2009. Since then, this airport is being maintained and operated by MIL
On 18/12/2006, an MOU was signed beween the State and Central Government wherein it was decided to form a Joint Venture Company with Maharashtra Airports Development Company (MADC) holding 51% and Airports Authority of India (AAI) holding 49% equity participation and also to transfer the assets of Nagpur airport to such Joint Venture Company,viz MIHAN India Ltd. (MIL) was registered on 09/06/2009
A joint Venture Agreement to this effect was signed on 22nd February 2009 and a joint venture comany, viz MIHAN India Ltd (IML) was registered on 09/06/2009
The joint Venture company,viz MIL took over this airport from Airports Authority of India (AAI) for operation, maintenance and further development with effect from 07/08/2009
Pursuant to taking over of this Airport MIL, considering the change in aviation sector, decided to revise the Master Plan of this airport and accordingly a revised to M/s. India Aviation and Consulting Support LLP. The broad features of the revised Master Plan are as follows :
To expand the existing runway from 3200 X 45 meters to 3600 X 45 meters
The provision of second parallel runway of 4000 X 60 meters, along with the requisite taxiways to cater Code 'F' operation
To initially construct an apron to park 16 aircrafts
To construct an integrated Terminal Building of approx . area of 74000 sq. meters
Provision of ATC, CNS, a loyal Fire Station ,Fire fighting arrangements,etc.
Provision of 9 Nos. of hangers for aircrsft maintenance
Provision of underground Fuel Hydrant System
Development strategy through PPP wherein Phase I to be develop at cost of 1,085 crore from the year 2015 - 2030 and to develop Phase II at an approximate cost 425 crore from 2013 - 2045
As on date, the revised Master Plan has been approved by the Board of Directos of MIL and draft Request for Quotation (RFQ) is under advance stage of preparation
