Led by Virendra D Mhaiskar, IRB Infra’s Sindhudurg Airport project nears completion
Sindhudurg Airport project, which is also India’s first Greenfield airport, is in its final phase of construction. Maintained by Virendra D Mhaiskar-led IRB Infrastructure, the project is located at 170 Km north of Goa. The cost of the construction stands at Rs 300 crore, which is less than the estimated cost of Rs 520 crore, at the time of signing the concession agreement with MIDC (Maharashtra Industrial Development Corporation).
The airport is supposed to open on October 18, giving travelers an easy access to the scenic Malvan region in Maharashtra. Under a 95 year concession with MIDC, it is being constructed on design-build-finance-operate-transfer (DBFOT) basis. The airport is on course to become a cargo hub, handling a maximum of 800 passengers during peak hours. Talks are on between the aviation ministry and IRB Infrastructure regarding the project, which will most likely be accessible to airlines by September.
In a bid to stabilize its revenue model, IRB Infrastructure is also in discussion with various airlines. According to the MD of the company, Virendra D Mhaiskar, the process could take around 6-8 months from here on.
Talking about the discussion company had with several airlines, Virendra Mhaiskar said, “We have been talking to some of them and they have shown interest. It could take a couple of years to stabilize and improve the connectivity for more airlines to find it sensible to operate on this route.”
The Sindhudurg Airport, which is the 14th airport in the state of Maharashtra, falls under the state government’s plan to provide regional connectivity to smaller cities. Chaired by civil aviation minister Suresh Prabhu, a review meeting of the under-construction airports also took place. The project is supposed to serve both domestic and international charter flights after completion.
In a statement made by Suresh Prabhu, the Minister of Commerce & Industry and Civil Aviation, he said that the Sindhudurg Airport will provide connectivity to multiple regions including Konkan, Goa, north Karnataka and western Maharashtra. He suggested that the project will make air travel more affordable to the common man, and boost tourism in these areas, which is the main objective of the government.
About IRB Infrastructure Developers Ltd:
IRB Infrastructure Developers Ltd (IRB) is India’s leading and one of the largest private roads and highways infrastructure developers, with presence in BOT and HAM space.
The Company has a portfolio of 17 owned projects and 7 projects under O&M contracts as a Project manager for IRB InvIT. Of the 17 owned projects, 7 projects are under operational BOT space; 3 under HAM space; 4 projects under Tolling & Construction, another 2 projects under advanced stages of construction and 1 project under development stage. The Company has successfully completed 7 Concessions till date.
IRB Group, in the 20th year of its journey towards excellence since inception, has achieved an untouchable milestone of having portfolio of 12,800 lane Kms, including 20% share in India’s ambitious Golden Quadrilateral project; which is largest by any private highways infrastructure developers in India.