Thursday, June 15, 2006

5800 cr investment plan for Mumbai airport

Mumbai: Mumbai International Airport Pvt. Ltd. (MIAL), the consortium that has been awarded the modernisation of the Chhatrapati Shivaji International Airport (CSIA) in Mumbai, has drawn up a seven-year capital investment plan to the tune of Rs. 5,800 crore.
MIAL is a 74:26 per cent joint venture company between the GVK-SA Consortium and the Airports Authority of India (AAI). The consortium comprises GVK, Airports Company South Africa Ltd. (ACSA) and Bidvest Group Ltd. The Operations Management and Development Agreement (OMDA) was signed with AAI and the airport operations were handed over to MIAL on May 3. MIAL has made an upfront payment of Rs 150 crore to AAI.
15/06/06 The Hindu
To Read the News in full at Source, Click the Headline


Post a Comment