Source: TOI, Nagpur
MADC to allot land to Boeing on June 26
Nagpur: Maharashtra Airport Development Company (MADC) is expected to complete formalities on allotting land to aircraft major Boeing on June 26. This is scheduled to take place during chief minister Vilasrao Deshmukh’s visit to the US, during which he would also visit Boeing headquarters at Seattle to hand over the signed document from MADC’s side. The papers would be exchange in his presence at Seattle itself. Although this hinges on the finalisation of several finer aspects of the contract, which have already been apprised by MADC to Boeing.
MADC has asked the aircraft major to send a draft lease agreement, which will be first examined. If needed, some of MADC’s conditions and specifications will also be incorporated in the deed, said MADC’s vice-chairman and managing director R C Sinha. Such conditions include payment for maintenance of the area, using electricity exclusively from the captive power plant set to come up at the special economic zone (SEZ). Moreover, if Boeing’s operations lead to water pollution, it will have to set up its own effluent treatment plant too. MADC has already informed MADC abut these conditions, he mentioned.
The company has already identified 75 acres of land in the SEZ to be allotted to Boeing. The land is situated in the SEZ boundary towards the airport towards which the company wants an opening, said Sinha. Boeing plans to set up a maintenance repair and overhaul depot in the city, with a capital investment of close to $ 100 million.
Boeing will be provided land free of cost considering the huge amount of investment entailed in the project. However, the company will have to pay charges to the tune of Rs 25-30 lakh towards infrastructure facilities such as sewage lines, water supply, power. In fact, providing land without any charges, is one of the reasons for asking Boeing to send its own draft lease deed.
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