GMR Group is all set to begin the $2.5-billion renovation-cumcapacity expansion of Delhi’s Indira Gandhi International Airport, starting with Terminal 1
ONE OF THE country’s busiest and most modern airports, Delhi’s Indira Gandhi International (IGI) Airport that last underwent a massive modernisation exercise from 2006 to 2009 and was expected to be good for the next 30 years, is already notso-modern. The domestic terminal, also known as Terminal 1 D (departure and arrival) is bursting at the seams with the increasing number of passengers and flights, and is grappling to keep up its amenities. Despite a stated capacity of handling 62 million passengers per annum (MPPA), the airport struggled with only around 58 million passengers last year. “The need to expand the Delhi International Airport (DIAL) has arisen because of unprecedented increase in passenger and cargo capacity,” reasons I. Prabhakara Rao, CEO of DIAL.
The environment ministry has already given green clearance to an estimated Rs 16,000-crore expansion project of Delhi airport. The project includes upgrading, development and construction of facilities to achieve airport capacity of about 109 MPPA and 2.2 million tonnes per annum (MTPA) of cargo by 2034.
The proposed expansion will be carried out in three phases: Phase 3A (from 2016 to 2020), Phase 3B (2021-2025) and Phase 4 (2026- 2034) as per requirements. The cost for the overall infrastructural capacity development, estimated at Rs 16,000 crore, will be applied as per the needs of development programmes, the company said in a pre-feasibility report submitted to the environment ministry for clearance in October 2016. In 2015, with 46 million passengers the IGI Airport took the 25 th spot among the world’s top 30 airports. The IGI airport was also adjudged the second best in terms of growth with 15.67 per cent, only next to Shanghai with 16.27 per cent. In 2015, the airport, with all three terminals, had a combined peak hour demand of 10,115 passengers, which had put it at par with the busiest airports globally.
Denne historien er fra October 1, 2017-utgaven av Businessworld.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra October 1, 2017-utgaven av Businessworld.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Gauging Trumponomics For India
Despite some shortto mediumterm headwinds in trade and immigration, the broader Indo-US vision of counterbalancing China’s influence is expected to ensure continued cooperation under Trump 2.0
Reflections on Consciousness and Creation
Indian-American DEEPAK CHOPRA on the nature of the universe, the digital fabric of existence, and the power of a conscious mind
MORE TAKE TO DRIVING IN STYLE
High-end luxury vehicles are no longer part of a niche market, but a rapidly expanding segment of automobile sales, driven by changing consumer preferences, rising disposable incomes and better infrastructure
India's Growing Affinity for Swiss Watches: A Luxury on the Rise
NDIA'S ROBUST ECONOMIC growth, projected to exceed 6 per cent in 2024 and 2025, is fostering a rising demand for aspirational products. As disposable incomes increase, particularly among the expanding middle class, luxury goods such as Swiss-made watches are gaining popularity.
An ENRiching Outlook
KPMG's latest report shows energy CEOs being optimistic about the sector's outlook. ANISH DE, Global Head, ENRC, KPMG speaks to BW Businessworld's Arjun Yadav on what's driving this confidence
Paving the Path to a Sustainable Future
Salesforce's ESG journey has made an impact beyond the company. SUNYA NORMAN, SVP of ESG Strategy and Engagement at Salesforce, shares more on how the tech giant integrates sustainability into its core operations, supporting global goals while empowering employees
LEADERSHIP TRANSITION AT XIAOMI INDIA
Xiaomi India is experiencing a leadership evolution, beginning with Muralikrishnan B's departure as President by the end of 2024. This change underscores Xiaomi's shift towards nurturing local talent amidst dynamic global shifts. The story tracks key transitions from Manu Kumar Jain's leadership to Muralikrishnan B's impactful tenure, along with recent strategic hires, highlighting Xiaomi's alignment towards market adaptability and consumer focus
WEAVING SUSTAINABILITY
Once a modest home textile manufacturer, Jindal Worldwide has evolved into a vertically integrated textile powerhouse, spanning critical segments of the yarn and fabric value chain
FORCE FOR GOOD
FY24 saw capacity expansions for Century Enka in nylon and polyester segments, along with investments in modernisation, renewable energy, and safety initiatives
REIMAGINING TOMORROW
For V-Guard, tomorrow signifies progress, driven by today's actions, setting the foundation for future growth and value creation for all stakeholders
