Singapore: Singapore's Changi Airport International (CAI) has decided to increase its stake in Bengal Aerotropolis Projects Ltd (BAPL) to 32.2% from 26% held since the project began in 2009.
The stake increase was announced during West Bengal Chief Minister Mamta Banerjee's official visit to Singapore and at a business forum attended by Singapore-based businessmen.
The CAI stake increase in BAPL was approved by the state government last month.
"The project is looking promising for us to increase the stake in BAPL," CAI CEO Lim Liang Song told PTI today.
The Kazi Nazrul Islam Airport in West Bengal will improve the connectivity between the North East Indians and the BAPL townships as well as industrial zones, he said.
The airport being set up by BAPL in Andal, near Asansol is expected to commence operations from December.
WBIDC which plays a pioneering role in provision of industrial infrastructure in West Bengal entered into a Joint Venture Development Agreement (JVDA) with BAPL in 2008 to set up Durgapur Aerotropolis in Durgapur-Asansol region in Burdwan district of West Bengal.
20/08/14 Business Standard
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The stake increase was announced during West Bengal Chief Minister Mamta Banerjee's official visit to Singapore and at a business forum attended by Singapore-based businessmen.
The CAI stake increase in BAPL was approved by the state government last month.
"The project is looking promising for us to increase the stake in BAPL," CAI CEO Lim Liang Song told PTI today.
The Kazi Nazrul Islam Airport in West Bengal will improve the connectivity between the North East Indians and the BAPL townships as well as industrial zones, he said.
The airport being set up by BAPL in Andal, near Asansol is expected to commence operations from December.
WBIDC which plays a pioneering role in provision of industrial infrastructure in West Bengal entered into a Joint Venture Development Agreement (JVDA) with BAPL in 2008 to set up Durgapur Aerotropolis in Durgapur-Asansol region in Burdwan district of West Bengal.
20/08/14 Business Standard
