| The airport will be a part of the Multi Modal air cargo and Passenger Hub project. |
| "The government's fully-owned corporation, Maharashtra Airport Development Company (MADC) and Airport Authority of India (AAI) will form a JV in which MADC will hold 51 per cent and AAI will hold 49 per cent," said chief minister Vilasrao Deshmukh. |
| "The JV company will be handed over Nagpur's present airport by the AAI at the nominal lease of Rs 1 per year for 99 years," he said. |
| The Mihan project is a part of SEZ project, which will come up in the vicinity of the Nagpur airport. The SEZ will be spread over 1,400 hectare and companies such as Satyam, GE, L&T, DEL etc. have purchased land to set up their facilities. |
| The state government was constantly demanding the transfer of Nagpur Airport to Mihan by the AAI for implementation of Mihan and SEZ projects. |
| However, owing to issues such as lease rate and whether AAI should be part of the Mihan project etc there was delay on AAI's part to take any decision. |
| Also, it has become major bone of contention between the state government and civil aviation ministry. |
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