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CCI approves Delhi Aerocity, MIAL projects

Thursday, 01 Aug 2013

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The Cabinet Committee on Investment (CCI), approved the Delhi Aerocity and Mumbai International Airport projects on 31 July 2013.

Delhi Aerocity project is to come on 43 acre of land at an investment of around Rs 8,000 crore. It will add an inventory of about 5,100 rooms spread across 16 hotels.

Similarly, clearance has been received for the Rs 4,000 crore Mumbai airport project. The redesigning of the airport, to provide for security after immigration, will entail an additional cost of Rs 400 crore. Mumbai International Airport is a joint venture between a consortium led by GVK Airports, which owns 74 per cent, and the government-run Airports Authority of India, which holds 26 per cent.

Both these projects have been speeded up by the project monitoring group.