Consortium to raise funds for land acquisition

ST CORRESPONDENT
Monday, 7 January 2019

Minister of State for Water Resource Vijay Shivtare on Sunday said that the government consortium will be raising the initial funds required for land acquisition for the proposed Chhatrapati Sambhaji Raje international airport at Purandar.

Pune: Minister of State for Water Resource Vijay Shivtare on Sunday said that the government consortium will be raising the initial funds required for land acquisition for the proposed Chhatrapati Sambhaji Raje international airport at Purandar.

Shivtare said that the consortium would include PMRDA, MADC, CIDCO, and others. The government will have to acquire around 2,832 hectares of land, which would cost around Rs 3,500 crore.

The government is yet to declare the financial model of land acquisition and the local villagers of Purandar are yet to be informed about the same.

Earlier, Chief Minister Devendra Fadnavis had announced the creation of an ‘airport city’ around the proposed Purandar airport. The land acquisition for the airport is expected to start soon once the Maharashtra Airport Development Company Limited (MADCL) gives the green signal for the same.

The consortium would raise finance for land acquisition and drive investment in the airport city. Shivtare said that each agency of the consortium would contribute around Rs 1,000 crore, which will make the process of land acquisition easier and would also accelerate the process.

Shivtare, who is also the MLA from Purandar constituency, said there was no opposition to land acquisition at Purandar. “Whatever opposition is there, it is only political. Once the land acquisition process begins, people will come forward to hand over their lands for the project,” he said.

Speaking about the development of an international standard market, Shivtare said that about 400 acres of land will be reserved for the same in Dive village. 

Related News