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MIHAN PROJECT ::
 
Multi-modal International Cargo Hub and Airport at Nagpur
 

It the biggest economical development project currently underway in India in terms of investment.

 

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.

 

Project consists of two parts namely International airport to act as a cargo hub and a Special Economic Zone with residential zone covering a total area of 40.25 Sq.km
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.

 
Economical and Social Impact

The project has already spurred a real estate boom in Nagpur with property prices increasing 25 to 40 percent. 

Project is expected to add 12 million people to city’s population by means of direct and indirect employment. 

 

The project aims at boosting the economy of under developed Vidarbha region of Maharashtra and stop the brain drain to other parts of Maharashtra and India. From environmental perspective half million trees would be planted and there would be no polluting industries in MIHAN.

 
Project details
International airport
Special Economic zone
SEZ of 2086 hectares, largest multi-product SEZ in India. Like to attract investment.
1472 hectares - used by various processing units to be set-up
614 hectares -used by service sector units. 
All SEZs - will have financial incentives and soft taxation policy.
The initial set-up material for these units and later raw material will be duty-free.
Major sections of SEZ would be -
Information technology park - over 500 hectares
Health city - over 40 hectares
Manufacturing industry unit
Textile and Garment
Gems and Jewelry
Food Processing
Pharmaceuticals
Bio-medical
Finance and Insurance service companies
International School
Golf Course
Flying club
Multiplex Theatre Complex
 
Organizations
 

State government’s Maharashtra Airport Development Company (MADC) is formed in joint partnerships with equal shares from City and Industrial Development Corporation (CIDCO), Nagpur Improvement Trust (NIT), Maharashtra Industrial Development Corporation (MIDC), Maharastra State Road Transport Corporation (MSRTC) and Nagpur Municipal Corporation(NMC). 

Singapore Changi Airport have been selected as the consultants for the project. 
Indian Air Force(IAF) is also going to come up with its own Gajraj project along side MIHAN.

Indian Railways would have new station coming up near MIHAN to connect cargo hub with countries rail network. 

MADC would later play a larger role in Maharashtra for airports not owned by AAI and IAF.

CIDCO has been selected as it had successfully formed the CIDCO city near Mumbai. 
As the project progresses, Nagpur will see a influx of migrants adding to city’s population. 

The existing city bus service would not be able to cope up with this. So a new bus mass transit system would be started with combine efforts from NMC, NIT, MSRTC and MIDC each organization playing part in it.

NMC and NIT are together responsible for civic administration in Greater Nagpur Metropolitan Area and MSRTC along with Indian Railways would be responsible for developing logistic infrastructure.

 

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