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
Famous quotes containing the words cargo, hub and/or airport:
“Nitrates and phosphates for ammunition. The seeds of war. They’re loading a full cargo of death. And when that ship takes it home, the world will die a little more.”
—Earl Felton, and Richard Fleischer. Captain Nemo (James Mason)
“There is no object so soft but it makes a hub for the wheel’d universe.”
—Walt Whitman (1819–1892)
“It was like taking a beloved person to the airport and returning to an empty house. I miss the people. I miss the world.”
—Susan Sontag (b. 1933)