Saturday, November 18, 2017

Hyderabad Airport to have a second terminal soon, work to begin from February

The work on the second terminal at Rajiv Gandhi International Airport in Hyderabad will begin in February-March next year, said the airport operator.

GMR Hyderabad International Airport Ltd (GHIAL) plans to take up expansion at a cost of Rs 2,500 crore.

With the expansion, which is likely to be completed in two to two-and-half years, the airport will handle 25 million passengers per annum.
GHIAL CEO SGK Kishore told reporters in Hyderabad on Friday that if the traffic grows, the overall capacity can be increased to 34-35 million and the expansion including second runway can extend to five years.

He said they were waiting for approval from the regulator to start the expansion, which will be funded in a debt-equity ratio of 70:30.

Kishore said there would be no fresh equity requirement from the promoters or the government as the company will raise the funds from its internal accruals and bonds.
18/11/17 IANS/News Minute