Thursday, October 26, 2017

GMR Hyderabad Airport expanding, to double capacity

Hyderabad: GMR Hyderabad International Airport Ltd is all set to embark on a major expansion by doubling the capacity up to 25 million passengers per annum (MPPA).

“Though the work has begun in a small way, it will gather speed in January 2018 and will be completed in 24-30 months. Last year, the airport handled 16 MPPA and expected to hit 18 MPPA by end of this fiscal,” SGK Kishore, CEO, GHIAL, said.

“When the terminal was planned in 2006, it was designed to facilitate expansion and handle twice the current capacity of 12 MPPA when completed. Of the 16 MPPA handled last year, one third were international travellers,” he said.

“The Telangana government is keen on completing the second airport runway while expanding the terminal and ensure linkage of the metro rail project to the airport. In the meanwhile, we have brought about a number of changes to handle higher capacities,” Kishore said.

GMR recently raised $350 million through a bond offer to facilitate the airport expansion.

Hyderabad Airport has witnessed 15.24 MPPA in 2016-17, registering a growth of 22 per cent in overall passenger traffic and 23 per cent growth in air traffic movements over 2015-16. GMR HIAL, Malaysia Airports Holdings Berhad and Malaysia Tourism Promotion Board have inked an MoU to promote tourism in Malaysia and also explore new locations for connectivity.
26/10/17 Business Line

0 Comments: