India began planning a second airport for Mumbai, its most populous city, when Bill Clinton was still U.S. president. Seventeen years later, bidding on the project has yet to start.
A river still meanders across the marshy land where as many as 60 million passengers a year are supposed to fly in and out of India’s main financial hub. The lack of progress on the project -- in Navi Mumbai, or New Mumbai -- illustrates the challenge Prime Minister Narendra Modi faces in fulfilling a campaign pledge to build more airports, roads and railroads.
Modi in May led his Bharatiya Janata Party to India’s first single-party majority since 1984, promising to kickstart public works after political gridlock stalled about $255 billion of projects. A slow land-buying process, environmental objections and high borrowing costs are among the impediments in improving a national infrastructure whose quality was ranked below Guatemala and Namibia in a World Economic Forum survey.
07/07/14 Anurag Kotoky and Siddharth Philip/Bloomber Businessweek
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A river still meanders across the marshy land where as many as 60 million passengers a year are supposed to fly in and out of India’s main financial hub. The lack of progress on the project -- in Navi Mumbai, or New Mumbai -- illustrates the challenge Prime Minister Narendra Modi faces in fulfilling a campaign pledge to build more airports, roads and railroads.
Modi in May led his Bharatiya Janata Party to India’s first single-party majority since 1984, promising to kickstart public works after political gridlock stalled about $255 billion of projects. A slow land-buying process, environmental objections and high borrowing costs are among the impediments in improving a national infrastructure whose quality was ranked below Guatemala and Namibia in a World Economic Forum survey.
07/07/14 Anurag Kotoky and Siddharth Philip/Bloomber Businessweek
