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India begins work on $2.59bn airport in Maharashtra

The airport is being developed by City Industrial Development Corporation (CIDCO) in collaboration with GVK Power and Infrastructure (GVKPIL). Last month, GVKPIL signed the concession agreement with CIDCO to establish a special purpose vehicle (SPV) known as Navi Mumbai International Airport (NMIAL), which will be responsible for building the new ...

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Miami International Airport declared foreign trade zone

MIA is operated by the Miami-Dade Aviation Department (MDAD). The new status of the airport will enable companies to receive and process materials and merchandise with decreased or eliminated customs duties upon entry into the country at MIA. MDAD staff chief Joseph Napoli said: “Our FTZ magnet site approval dovetails ...

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