First greenfield merchant airport by 2011-12

Kolkata: India’s first greenfield airport to be set up as a joint venture with Changi Airports International (CAI) of Singapore will be ready by 2011-12. The project is set to come up as part of a Rs. 10,000-crore airport city in Durgapur.
CAI, through its subsidiary, Changi Airports India Pte Ltd, has already picked up a 26 per cent stake in Bengal Aerotropolis Projects Ltd (BAPL) which will implement the project, making it the first investment by CAI in an Indian company.
The CEO of CAI Wong Woon Liong and Deputy CEO Eugene Gan have joined as directors of BAPL.
BAPL is promoted by a joint venture company of HUDCO — Pragati Social Infrastructure & Development Limited (PSIDL) — and its other shareholders are: Citystar Infrastructures Limited, Lend Lease Company (I) Limited and Pragati 47 Development Limited.
Earlier in February 2008, BAPL had signed a technical services agreement with CAI, under which CAI is providing advisory services to BAPL in planning, supervising, executing and commissioning of the proposed airport. The BAPL board is headed by Arvind Pande, former chairman of Steel Authority of India Ltd.
The total land area of the aerotroplis will be 2,300 acres of which a minimum of 650 acres will be used for the airport, which would have the ability to handle Airbus category of aircraft.
18/07/09 The Hindu

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Categories: Airports Jul 2009, Foreign Jul 2009, merchant airports jul 2009, New Jul 2009