The Multi-modal International Cargo Hub and Airport at Nagpur (MIHAN) is an airport project for Dr. Babasaheb Ambedkar International Airport, Nagpur. It is the biggest economical development project currently underway in India in terms of investments. The project aims to exploit the central location of Nagpur and convert the present airport into a major cargo hub with integrated road and rail connectivity. This project has two parts: An international airport to act as a cargo hub and A Special Economic Zone (SEZ) with residential zone covering a total area of 40.25 km2 on the southern end of Nagpur. The Government of Maharashtra formed a special purpose entity named the Maharashtra Airport Development Company (MADC) for development of MIHAN. The project is financed by multiple Indian banks with a total loan amount of INR 30,000 crore along with investment from the state government and the Airports Authority of India. With a projected target of serving 14 million passengers and handle 0.87 million tonnes of cargo, this is one of largest aviation project in India. The estimated capital cost of the project is INR 2581 crores (by year 2035) and is supposed to generate revenues INR 5280 crores. Economic and social impacts The project has spurred a real estate boom in Nagpur, with property prices increasing 25 to 40 percent. The project is expected to add 12 million people to the city's population by means of direct and indirect employment. The project aims at boosting the economy of the underdeveloped Vidarbha region of Maharashtra and stopping the brain drain to other parts of Maharashtra and India. From an environmental perspective, half a million trees would be planted and there would be no polluting industries allowed in MIHAN. Nagpur has the MIDC area, Asia's second largest air maintenance workshop, SEZ, Patanjali Food Park and many more other projects under implementation, with IT and logistics businesses both having a major presence. The Maharashtra government has already taken care of infrastructure availability like roads, water and power. Also, to meet the manpower demand, Nagpur University has given sanction to 43 new engineering colleges in and around Nagpur. Singapore Changi Airport has been selected as the consultant for this project. Mihan is already employing more than 30,000 people, and the number is expected to rise, according to the Maharashtra Airport Development Company. Details Land distribution The table below shows the distribution of the land at MIHAN