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The Union Cabinet connected Wednesday (May 13, 2026) approved the upgradation of the Nagpur International Airport done a public-private partnership.
The Cabinet has cleared the hold of the lease play of the Airports Authority of India's onshore allotted to MIHAN India Ltd beyond August 6, 2039. This volition alteration MIL to licence the airdrome to GMR Nagpur International Airport Ltd (GNIAL), an authoritative merchandise said.
Briefing media persons connected the Cabinet decisions, Information and Broadcasting Minister Ashwini Vaishnaw said the upgradation and modernisation of the airdrome has been approved.
With the hold of the lease play for the onshore beyond August 6, 2039, the Civil Aviation Ministry said it would present go co-terminus with the 30-year concession play of GNIAL.
"This is expected to usher successful a caller epoch of maturation and infrastructure advancement for Nagpur airport. With backstage assemblage ratio and authorities oversight, the airdrome is poised to spot important investment, modernisation, and improved rider and cargo services," the Ministry said successful the release.
In 2009, the Airports Authority of India (AAI) and Maharashtra Airport Development Company Ltd (MADC) acceptable up the associated task MIL with an equity operation of 49% and 51%, respectively.
"Though Airport assets of AAI were transferred to MIL successful 2009 for airdrome operation, the lease deed got delayed owed to onshore demarcation issues. Subsequently, AAI onshore has been leased to MIL up to 06.08.2039," the merchandise said.
Later successful 2016, MIL floated a planetary tender for identifying a spouse to run the airdrome nether the public-private concern model.
GMR Airports Ltd (GAL) emerged arsenic the highest bidder, with a quoted gross stock of 5.76%.
"This was aboriginal revised to 14.49% of Gross Revenue. Subsequently, MIL annulled the bidding process successful March, 2020. This annulment was successfully challenged by GAL earlier the Hon'ble Bombay High Court.
"Thereafter, the Hon’ble Supreme Court of India besides ruled successful favour of GAL. Pursuant to the Supreme Court Judgement dated 27th September, 2024, MIL signed a Concession Agreement with 2nd JVC, i.e. GMR Nagpur International Airport Ltd. (GNIAL) connected 8th October, 2024," the merchandise said.
