State Support Agreement (SSA) Signed for Mumbai Airport Modernization
The Mumbai International Airport Limited (MIAL) has signed a State Support Agreement (SSA) with the government of Maharashtra to commence modernization work on Mumbai`s Chhatrapati Shivaji Maharaj International Airport (CSMIA). The agreement was signed on January 7, 2021, and marks a significant milestone in the airport`s ongoing transformation.
The SSA is a crucial step towards unlocking the funds required for the airport`s expansion and modernization. The state government has agreed to provide support to MIAL in the form of land acquisition, necessary permissions, and approvals, as well as the provision of utilities and infrastructure support.
The modernization plan includes the construction of a new passenger terminal, the expansion of the existing terminal, and the revamping of the airport`s runways and taxiways. The airport`s cargo terminal is also set to be expanded, with additional facilities such as a new aircraft maintenance, repair and overhaul (MRO) facility.
The modernization of CSMIA is expected to strengthen Mumbai`s position as a leading aviation hub in the region. The airport currently handles over 50 million passengers annually, and with the planned improvements, this number is expected to rise significantly. The airport`s improved facilities are also expected to provide a boost to the region`s economy, creating new jobs, and supporting local businesses.
The modernization plan is also expected to improve the overall passenger experience at the airport. The new facilities will provide passengers with a more comfortable and convenient travel experience, with state-of-the-art technology and enhanced amenities.
The signing of the SSA is a significant milestone in the ongoing modernization of CSMIA. The agreement will enable MIAL to proceed with the implementation of the modernization plan, bringing the airport`s facilities up to international standards. The modernization of CSMIA is expected to be completed by 2023, marking a new era in Mumbai`s aviation history.
