Panvel the developing node of Navi Mumbai :-
How has the Pune-Mumbai corridor evolved over the years with enhanced connectivity? How do you see Panvel benefitting from this going forward?
Every day over 130,000 vehicles travel the two- to three-hour journey between Mumbai, the financial center of the Indian State of Maharashtra, and Pune, the cultural capital known as the ‘Oxford of the East’ and home to growing automotive and IT sectors. As the population in the area increases, so do the traffic and emissions, making the corridor one of the State’s top infrastructure priorities.
Recognizing the tremendous transportation need in this corridor, the Indian State of Maharashtra today has announced their intent to build a hyperloop between the two cities and signed a historic agreement with Virgin Hyperloop One. The hyperloop route developed would link central Pune, Navi Mumbai International Airport, and Mumbai in 25-minutes, eventually enabling 150 million journeys and reducing greenhouse gases
by 150,000 tons annually. The system would also have the potential for the rapid movement of palletized freight and light cargo between the Port of Mumbai and Pune, creating a robust freight backbone in the region.
At the helm of this ambitious project is the Pune Metropolitan Region Development Authority (PMRDA) and its CEO Kiran Gitte. PMRDA looks to solve the State’s most significant infrastructure gaps and helps the State keep pace with the next 40 – 50 years of transport demand. Gitte recently shared his perspectives as to how Virgin Hyperloop One systems could benefit the region economically and socially.
How Navi Mumbai international airport can be world changer:-
Navi Mumbai International Airport (NMIA) is an under-construction greenfield international airport being built at Ulwe Kopar-Panvel in Maharashtra, India. It will be the second International Airport for the Mumbai Metropolitan Region, functioning alongside Chhatrapati Shivaji Maharaj International Airport (CSIA) as India’s first urban multi-airport system The first phase of the airport will be able to handle 10 million passengers per annum. The airport will be expanded to full capacity and will be equipped to handle more than 60 million passengers per annum. The airport passenger terminal and Air Traffic Control (ATC) Tower is designed by London-based Zaha Hadid Architects.
The 160 billion-rupee project is being executed by Navi Mumbai International Airport Limited (NMIAL), a Special Purpose Entity formed by the GVK group and City and Industrial Development Corporation (CIDCO) which will hold 74 percent and 26 percent equity shares of NMIAL respectively.
CIDCO is the nodal government agency for the project which will be built through public-private partnership (PPP) on a design, build, finance, operate and transfer’ (DBFOT) basis. The airport covers an area of 1,160 hectares (4.5 sq mi).
