Tuesday, October 30, 2007

L&T bags Rs 5k-cr Mumbai airport revamp deal

Mumabi: Engineering and Construction major Larsen & Toubro (L&T) has bagged the master contract for the redevelopment of the Mumbai airport, the largest airport hub in the country, sources close to the development said.
The contract is for the reconstruction of the domestic and international airport building as well as the air-side redevelopment of the Chatrapati Shivaji International Airport (CSIA). This includes the runway and a new integrated cargo complex among others. The total value of the deal is estimated to be worth over Rs 5,000 crore and a formal agreement is expected to be signed later this week.
The project to redevelop the airport section by section, even as it continues operations, is slated to be among the most complex infrastructure projects undertaken in the world.
L&T is expected to carry out most of the work on its own, except for some technical contracts like baggage handling, electrical and certain mechanical work that maybe sub-contracted to domain experts.
30/10/07 Cuckoo Paul/Economic Times
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