Active Stocks
Thu Apr 18 2024 10:15:14
  1. Tata Steel share price
  2. 161.00 0.59%
  1. Power Grid Corporation Of India share price
  2. 281.40 2.57%
  1. Wipro share price
  2. 448.70 0.02%
  1. Infosys share price
  2. 1,411.90 -0.20%
  1. ITC share price
  2. 424.30 -0.39%
Business News/ Companies / People/  Bial unveils Rs1000 crore terminal one expansion plan
BackBack

Bial unveils Rs1000 crore terminal one expansion plan

Bial unveils Rs1000 crore terminal one expansion plan

Premium

Bangalore: Bangalore International Airport Limited (Bial) on Thursday unveiled its Rs1000 crore expansion plan for Terminal one to cater to the increasing passenger traffic which is expected to touch the 17 million mark by 2014-15.

Unveiling the plan, G V Krishna Reddy, vice-chairman of Bial Board, said that as per the plan, existing 72,000 square metres would be enhanced to 1,34,000 square metres.

Giving details of the expansion, Sanjay Reddy, MD, Bial said designed by HOK, a global architectural firm, along with several leading planners, urban desginers, engineering consultants and architects, the new expanded terminal one will have 83 check in counters.

The number of baggage reclaim belts will be enhanced from nine to 13 and seating arrangements from 2300 to 5300. There will be 15 Code C and seven Code E boarding gates in place of the present eight Code C and four Code E gates.

“Provision also had been made to develop a Code F Board for Airbus 380 in future", he said, adding, “we will be ready for Airbus 380 when it is permitted".

Provision has also been made for lounge seats at the bus boarding gate. Following a demand, a better VIP lounge had been designed and will be ready shortly, he said, adding many features were suggested by the 21-member Joint House Committee of the State Legislature which was set up to suggest improvement and look into lapses to the current airport.

The architectural concept of the expansion is to ensure that the existing building had a new look and merged well with the expansion.

The expansion, expected to be completed in 18 months, will be funded by a 70:30% debt equity ratio.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 19 Aug 2010, 03:16 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App