BIAL is also preparing a real estate development plan to raise non-aeronautical revenues. Initially, it plans an aerotropolis, or an airport city.
The deal with the L&T-Oberoi consortium is at Rs 35 crore (Rs 350 million) an acre for a four-acre hotel property on airport land. There are around 515 acres available.
In Hyderabad, as part of its development of an airport city, GHIAL has finalised an agreement with the Apollo Group to set up a hospital, mainly to cater to foreigners.
Apollo Group chairman Pratap C Reddy recently confirmed the move.
There will also be overseas partners in the project.
GHIAL is also working with international players to form joint venture partnerships to create business assets on the proposed 1,000 acres.
There are plans to develop an aviation special economic zone spread over 250 acres and a multi-product SEZ on another 250 acres, said a GHIAL official requesting anonymity.
The Rajiv Gandhi International Airport, which began operations in March 2008, saw a 5 per cent growth in overall passenger traffic in 2009-10. In two years, the airport has handled 6.4 million passengers.
Cargo handling in 2009-10 touched 65,727 tonnes, 14.8 per cent more than last year.
Click NEXT to read further. . .
Bangalore International Airport.
this
Users
Comment
article