Sunday, July 28, 2019

GMR plans Rs 8.5k cr project to up Hyd airport capacity

Hyderabad: Bursting at the seams thanks to soaring passenger traffic, the GMR Hyderabad International Airport Ltd (GHIAL) has now chalked out plans to invest Rs 8500 crore in doubling the capacity of the Rajiv Gandhi International Airport (RGIA) at Shamshabad to 50 million passengers per annum (MPPA) from the ongoing approved capacity expansion of 25 million passengers per year.
GHIAL had submitted an application to this effect to the Expert Appraisal Committee (EAC) of the Union ministry of environment, forest and climate change (MoEF) seeking environmental clearance for expanding the airport capacity to 50 MPPA and the matter also came up before the panel in its meeting on July 10.
The existing terminal T1 at RGIA, which was built with a capacity to handle 12 million passengers per year, ended up handling 21.4 million passengers in financial year 2018-19, a 17% jump from the 18.3 million passengers it handled in 2017-18, a recent investor presentation submitted to the bourses said. The presentation also projected that the airport can eventually be expanded up to 80MPPA. GHIAL’s proposal to ECA said no additional land is required for the proposed expansion as it has 5,495 acres and that the project construction, which will take 5-6 years, is expected to generate direct employment of over 5,000 and double the number of indirect jobs.
28/07/19 Swati Bharadwaj/Times of India

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