Delhi Airport to invest Rs 9,800 crore by 2022 in airport upgradation

Delhi International Airport Limited (DIAL) is going to invest Rs 9,800 crore by June 2022 to upgrade the existing Terminal 1, build a fourth runway and to increase the airport’s capacity to 100 million passengers. The airport in the capital city currently handles 66 million passengers. According to the proposed plan, the entire Terminal 1 apron would be demolished and a new and expanded apron would be constructed to provide higher capacity layout with parking stand for 82 aircraft. Besides, the arrival and departure terminal in T1 would be integrated under one roof. The progressive completion of T1apron would be from July 2020 to June 2022.

“We have arranged for funds. We have already gone into international bonds, The airport expansion project cost is met through combination of three components –internal cash accruals, real estate monetisation and borrowings. This includes $350 million FCB, equivalent to Rs 2,425 crore, raised as part of expansion funding and internal cash accruals of Rs 3,000 crore,” told Prabhakar Rao, Deputy Managing Director, GMR Group- which handles the Delhi airport.

The DIAL stated that L&T has been entrusted entire engineering, procurement and construction (EPC) works of Phase 3A.