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| Study of the best Project Management practices with special reference to the Megaproject of Vidarbha region.
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Dr. Atul R Thakare, ARAI, Pune and Dr. Arunkumar Mankar, RTMNU, Nagpur
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Abstract:
Projects with a minimum cost of US$ 1 billion or a minimum of 0.01% of the country's gross domestic product (GDP) are considered as megaprojects. MIHAN (Multi Modal International Passenger and Hub Airport at Nagpur) is one of the megaprojects that envisaged setting up of a Multi-Product SEZ adjacent to the Nagpur International Airport with the objective to remove the development backlog of Vidharbha Region and harnessing the potential of existing Airport at Nagpur. The main goal of this project is to restructure the Nagpur airport enabling with cargo facility and connecting with railway and integrated roads in the city of Nagpur. The project is also touted to bring some of the best companies in IT, Healthcare, Warehousing and Aviation to change the face of Nagpur and Vidharbha Region. MADC, the nodal agency executing this ambitious infrastructure project has made huge investment to develop the infrastructure in MIHAN. But even after two decades of its existence the project seems to have lost its sheen. As MADC completes 20 years, this paper tries to find out the reasons of MIHAN's scuffle to attract major companies to its SEZ and airport attached area. Is the project still a bet for turnaround? Can the best Project Management practices facelift this Megaproject? The answers to these questions can be found in this study.
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