Multi-modal International Cargo Hub And Airport At Nagpur
Multi-modal International Cargo Hub and Airport at Nagpur (MIHAN) is an airport project for Dr. Babasaheb Ambedkar International Airport, Nagpur. It is the biggest economical development project currently underway in India in terms of investments. The project aims to exploit the central location of Nagpur and convert the present airport into a major cargo hub with integrated road and rail connectivity.
This Project consists of "Two Parts": namely
- An International airport to act as a cargo hub and
- A Special Economic Zone(SEZ) with residential zone covering a total area of 40.25 km² on the southern end of Nagpur.
The Government of Maharashtra formed a special purpose entity in the name of Maharashtra Airport Development Company (MADC) for development of MIHAN. The project is financed by multiple Indian banks with total loan amount of INR 3,000 million along with investment from state government and Airports Authority of India. With a projected target of serving 14 million passengers and handle 0.87 million tones of cargo this is one of largest aviation project in India. The estimated capital cost of the project is INR 2581 crores (by year 2035) and is supposed to generate revenues INR 5280 crores.
Read more about Multi-modal International Cargo Hub And Airport At Nagpur: Economic and Social Impact, Organizations, Recent Updates
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