9,800 crore would be the capital expenditure for the Phase 3A expansion plan, said I Prabhakara Rao, Deputy Managing Director, GMR Group. “The airport expansion project cost is met through combination of three components –internal cash accruals, real estate monetisation and borrowings. This includes $350 million FCB, equivalent to Rs 2,425 crore, raised as part of expansion funding and internal cash accruals of 3,000 crore,” said Rao. It is not clear how the airport will recover the money which is being pumped in, as Rao declined to get into the details during a press conference in New Delhi.
The GMR Group has 54 per cent stake in DIAL. DIAL stated that L&T had been entrusted the entire engineering, procurement and construction (EPC) work of Phase 3A. “The work (under Phase 3A) have begun on all the fronts,” it added.
The Phase 3A infrastructure expansion includes construction of the fourth runway, expansion of T1 apron area and development of dual elevated Eastern Cross Taxiway (ECT). Once this expansion project culminates, Delhi Airport would become the first airport in India to have four runways as well as dual ECT. Its passenger handling capacity will increase from around 75 million passengers per annum (MPPA) to 100 million by 2022.
Denne historien er fra September 2019-utgaven av Cruising Heights.
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Denne historien er fra September 2019-utgaven av Cruising Heights.
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
Jets, Tech, And Green Goals
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FREIGHT IN FLIGHT
In 2023, Indian airports handled over 3.15 million metric tonnes of cargo, with international freight dominating. As the sector aims to meet the government's ambitious annual target of 10 million metric tonnes (MMT) by 2030, this goal will require dedicated freighter aircraft, technological integration, infrastructure development, and regulatory improvements, among other things. By JAIDEEP MIRCHANDANI, Chairman, Sky One
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CAUGHT IN PAPER JAM
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In a candid conversation with CRUISING HEIGHTS, KHUSHBEG JATTANA, General Manager India of Simaero, discusses the strategic timing of Simaero's entry into the Indian aviation market. He addresses the challenges posed by existing pilot training programmes from major airlines like Air India and IndiGo, and elaborates on Simaero's plans to complement these efforts with state-of-the-art training solutions. Jattana also sheds light on the potential growth in the South Asian region and the company's vision for the future.
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POWERING A GREEN FUTURE
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