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States » West

CIDCO board gives nod for investing Rs 25.50 cr in SPV for proposed Purandar airport

Thane, Jul 11 (UNI) The board of City and Industrial Development Corporation of Maharashtra (CIDCO) has given a nod for investing Rs 25.50 crore towards subscription of initial equity shares out of its total equity of 51 per cent in special purpose vehicle (SPV) for the development of the proposed international airport at Purandar in Pune district.
The Purandar airport will be developed by the Maharashtra Airport Development Authority, which is
the “nodal agency” for all the airports in the state.
The Maharashtra government has allowed CIDCO to have maximum shareholding of 51 per cent, followed by MADC with 19 pc and MIDC and PMRDA will each have 15 per cent shareholding in the SPV, a CIDCO statement stated here.
Under the shareholding agreement, MADC will invest Rs 760 crore and CIDCO’s total estimated investment will be Rs 2,040 crore in this airport project.
Out of which, Rs 25.50 crore will be remitted within 30 days from the incorporation of SVP and the balance amount will be remitted in stages.
The vice-chariman & managing director of CIDCO has been appointed as chairman of the Board of SVP, which will have total 14 members.
All matters related to the acquisition, compensation and rehabilitation will be the responsibility of the district collector, Pune, the statement added.
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Mah : Senior Inspector AEC resigns

19 Jul 2019 | 12:16 AM

Thane, Jul 18 (UNI) The encounter specialist in the Maharashtra Police Force , who has more than 110 encounters to his record, Pradeep Sharma resigned from his job on Thursday.

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Annabhau Sathe Foundation's president booked in cheating case

19 Jul 2019 | 12:13 AM

Nanded, Jul 18 (UNI) A case was filed on Thursday against the President and Secretary of the Annabhau Sathe Bahuuddeshiya Sevabhavi Sanstha, located at Ganga in Mukhed tehsil of the district, for deceiving the Maharashtra State Electricity Distribution Company (MSEDC).

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Man gets capital punishment for double murder

19 Jul 2019 | 12:12 AM

Nanded, Jul 18 (UNI) A local court on Thursday awarded capital punishment to an offender and life imprisonment to the other, in a double murder case of honour killing.

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Ex-KDMC corporator booked for cutting cake during birthday celebration

19 Jul 2019 | 12:08 AM

Thane, Jul 18 (UNI) The Kalyan taluka police have booked a Shiv Sena leader and former corporator of the Kalyan-Dombivli Municipal Corporation (KDMC), for allegedly cutting his birthday cake with a gifted sword, in a function.

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Single-storey decrepit building collapses in Thane, none hurt

18 Jul 2019 | 11:23 PM

Thane , Jul 18 (UNI) In yet another incident close on the heels of Dongri building crash, a single-storey decrepit building collapsed in the Bhiwandi town of the district on Thursday.

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