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November 9, 2007

Bombay airport revamp no flight of fancy

By Ashling O Connor
The Times

No one in Bombay feels more responsible for making a good first impression on behalf of India's financial capital than Sanjay Reddy. As the man in charge of a USD 2 billion (GBP949 million) overhaul of the city's airport, India's busiest and probably the world's most congested, his decisions have affected 26 million passengers this year alone.

That number is set to reach a saturation point of 40 million a year by 2013, just a year after the consortium involving Mr Reddy's GVK Industries and Airports Company South Africa is scheduled to finish India's most complex infrastructure project.

The upgrade of the 800-hectare (2,000acre) site, which houses both the international and domestic terminals, is being closely watched by foreign companies keen to invest in a compelling growth story but wary of the pitfalls that bedevil big projects in the world's largest democracy. It is a test case for India, where the Government estimates that USD488 billion is required over the next five years to sustain economic growth of 9 per cent a year.

Full Story...

Posted by dcjaya at November 9, 2007 2:03 AM