The Hyderabad International Airport will begin commercial operations from the first quarter of 2008.
The project, to be implemented by a consortium headed by the Bangalore-based GMR group, will cost Rs 1760 crore. It will come up at Shamshabad, 25 km from Hyderabad.
Announcing the financial closure of the Hyderabad International Airport, its managing director G. Kiran Kumar said the total project outlay included an additional contingency of Rs 97 crore as prescribed for all infrastructure projects.
“We want to bring back home the air hub from Dubai and Singapore to capture the growing international traffic,” he added.
The project, with a debt-to-equity ratio of 1.2:1, has GMR Infrastructure Ltd, Malaysia Airports Holdings Berhard, the Airports Authority of India and the Andhra Pradesh government as equity partners.
GMR holds a 63 per cent stake, while Malaysia Airports has picked up 11 per cent.
The Airports Authority of India and the Andhra Pradesh government have a 13 per cent stake each in the project.
Pages: 1 2
Send an E-Mail for India Property Enquiry!
Related News from India Properties
L&T wins additional Rs2.63bn order for Hyderabad Airport
Larsen & Toubro Ltd. (L&T) announced on Thursday that it has won an additional order valued at Rs2.63bn for the construction of the passenger terminal building at the proposed Hyderabad International Airport. The order, received from China State Construction Engineering (Hong Kong) Ltd., the main contractor for a part of the airport project package, is in addition to the Rs4.95bn contract L&T received from Hyderabad International Airport in August for the construction of the runway, taxiway and aprons. The new airport, to be located at Shamshabad, is promoted by Hyderabad International Airport, a partnership initiative between the GMR Group, the Government of
HAMCL in talks with Hyd Intl Airport
Hyderabad Aircraft Maintenance Company Private Limited (HAMCL), a newly incorporated entity by a group of Indian aviation engineers working with several airlines in different countries, is in talks with Hyderabad International Airport Limited (HIAL) for setting up an independent maintenance, repair and overhaul (MRO) facility at the proposed airport at Shamshabad. Disclosing their plans here on Tuesday, Uday Naidu, co-founder, chairman and chief executive officer of HAMCL, said that they would require over Rs 50 crore to start with a single-shift maintenance facility at the airport. According to him, the project would be ready in 18 to 24
Hyderabad emerging hot spot for airlines
Hyderabad is emerging as a hot spot for airlines. Within a short period the number of airlines touching down in the city could more than double to 24 from the existing 11. While the existing airlines are keen to augment operations to the city there are many more such as British Airways, Virgin Atlantic and the US airlines Delta and United that are keen to operate there. The interest of international airlines to operate and augment flights to Hyderabad was visible at the recently concluded international conference `Routes' in Copenhagen, which was attended by a host of international airlines and airports.
Jaipur airport to be international
Jaipur airport to be Jaipur's Sanganer Airport was on Thursday granted international status by the Union Cabinet, making it the 14th such airport in the country. Announcing this here, Finance Minister P Chidambaram said the Cabinet had approved the proposal for declaration of the existing domestic airport as an international one, thereby improving connectivity and offering wider choice of services at competitive cost to air travellers. With the international status, there would be substantial hike in aeronautical revenues to the airport due to the increased rates of landing, parking and route navigational charges and the possibility of heightened international
Confusion in Hyderabad airport
Total confusion and uncertainty prevailed over flight services in Hyderabad airport this morning as airport employees started a strike, in protest against the move to privatise Delhi and Mumbai airports. Striking employees of Airports Authority were seen raising slogans against the "anti-worker" policies of the Government. Over 200 employees out of a total strength of 435 at the airport are taking part in 12-hour long strike, sources said. Private operators -- Jet Airways, Air Deccan and Air Sahara -- announced cancellation of their Flights yesterday. However, according to Airport Authorities, efforts were on to enlist the services of Indian Air