DIAL to invest Rs 300 bn by 2026

Delhi International Airport (DIAL) will invest Rs 300 billion to add four new terminals to the existing two at New Delhi`s airport and build a fourth runway by 2026, reports Business Standard.
DIAL is a consortium of the GMR Group, Airports Authority of India (AAI), Fraport and Eraman Malaysia and India Development Fund (an IDF AMC managed fund). According to the agreement by the companies, about 45.99% of the revenues of the Delhi airport goes to the AAI.
The company is planning to take the passenger handling capacity of the Delhi airport to 100 million per annum by 2026. The expansion would be done in phases. The third terminal would be set up by 2010 to take the passenger handling capacity to 60 million per annum. After that, a new terminal would be added every five years until 2025.
Terminal 3 will have 55 aerobridges and 30 remote parking bays for passenger embarkation and disembarkation. Six of these aerobridges would be compatible for the Airbus A380s. The money to be invested would be raised through debt and equity in the ratio 1.25:1
17/04/08 Myiris.com

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Categories: Airports Apr 2008