The central government on Wednesday approved a land swap agreement between Mumbai International Airport (MIAL) and Municipal Corporation of Greater Mumbai (MCGM).
The decision was taken by the union cabinet which met here under the chairmanship of the Prime Minister Narendra Modi.
MIAL manages and operates the Chatrapati Shivaji International Airport (CSIA) at Mumbai.
"The Union Cabinet has given its approval for swapping of Airports Authority of India's (AAI) land, out of land demised to MIAL at CSIA, measuring 2, 960. 90 sqm. with equivalent land of MCGM for relocation of Cemetery, " the cabinet said in a statement.
According to the cabinet, swapping of the land with MCGM will enable MIAL to complete the development work of the Chatrapati Shivaji International Airport, Mumbai.
"Shifting of the cemetery to new location will result in its operationalisation, " the statement elaborated.
"Since both the AAI land and the private land proposed to be swapped are of the same size and are adjacent to each other as also the circle rate of the land is same, there is no financial implication on the government. "
The statement added that the cost on account of mutation of the alternate land after the swap will be borne by MIAL.