MADC seeks a direction from HC to hand over Nagpur airport soon

The state-run Maharashtra Airport Development Company (MADC) requested the Nagpur bench of Bombay HC to direct the Union Civil Aviation Ministry and the Airport Authority of India to hand over the assets, operation and management of Nagpur airport to the newly-formed joint venture company---MIHAN India Pvt Ltd, reports Pradip Kumar Maitra.

Updated on: Jun 30, 2009, 19:55:11 IST

Hindustan Times | By Anonymous, Nagpur

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The state-run Maharashtra Airport Development Company (MADC) requested the Nagpur bench of Bombay High Court to direct the Union Civil Aviation Ministry and the Airport Authority of India (AAI) to hand over the assets, operation and management of Nagpur airport to the newly-formed joint venture company---MIHAN India Pvt Ltd, immediately.

A joint venture company was floated in June this year in which the MADC and AAI would have 51 per cent and 49 per cent stake respectively. However, it was alleged that AAI was not cooperating to hand over the airport to the MADC for operation.

The MADC has filed an application seeking a direction for prompt transfer of the airport, so that the proposed multimodal international hub airport at Nagpur (MIHAN) project would get a shape soon. The MIHAN project being developed by the MADC which has drawn up a master plan for Nagpur airport, adjacent to this project.

The joint venture plans to float a global tender by end of this year to select a private partner to upgrade and modernise the Nagpur airport. The proposed development is set to provide impetus to the two projects being implemented in Nagpur, the MIHAN and a multi-product SEZ. Both these projects propose to need over 4,450 hecatre and the state government has designated MADC as the nodal agency for both the projects.

Justice Dilip Singh and Justice Ashok Bangale have issued notice on this application to the petitioner and all other respondents for having their say within the next two weeks.

The MADC has also prayed for a direction to the AAI for deleting some provisions from the draft of the shareholders' agreement and modification of some clauses in the agreement.

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