To meet the growing demand of air travel CIDCO is soon going to develop a new airport. The availability of physical and social infrastructure coupled with environmental friendly site with minimum resettlement and rehabilitation makes the Navi Mumbai airport project technically and financial livable. The site of airport is located in an area of 1140 hectares accommodating two parallel runways for independent parallel operation with provision of full length taxi ways on either side of the runways. The airfield has been designed to accommodate the new large aircrafts compatible to aerodrome code 4-F, conforming to specifications of International Civil Aviation Organisation (ICAO). The cost of the project, which is being developed through the public-private partnership route, is estimated at between Rs 3,200 crore and Rs 4,000 crore. The airport will have a terminal area of 250,000 m². and a cargo area of 100,000 m² and handle 50-55 million passengers annually. The airport would be one of world's few ''greenfield'' international state-of-art airport offering world class facilities to passengers cargo, aircrafts and airlines.