A meeting chaired by the Prime Minister and attended by Union Agriculture Minister Sharad Pawar and Maharashtra Chief Minister Prithviraj Chavan also discussed the Mumbai Elevated Rail Corridor Project which envisages investment of Rs.20,000 crore to build additional suburban traffic capacity over 60 km.
"The meeting discussed key infrastructure projects in Maharashtra which needed to be fast-tracked so that infrastructure in Mumbai and other major cities of the state remain in the forefront of development," a PMO statement said.
"The most significant breakthrough was on the Navi Mumbai International Airport," it said.
The statement said all decks have been cleared to move ahead on this and it is likely that the project will be awarded by March 31, next year.
The current Mumbai Airport is expected to reach full capacity by 2015 and in the context of Mumbai's needs as a business and financial centre, there is a pressing need to develop a new international airport, failing which traffic to Mumbai would suffer delays and would also get diverted, it said.