Mumbai airport master plan unveiled

Mumbai: Mumbai International Airport (MIAL), the joint venture between GVK-SA consortium and Airports Authority of India (AAI), on Thursday unveiled the master plan for Mumbai’s Chhatrapati Shivaji International Airport (CSIA).
The master plan outlines the plan to transform the airport by 2010, and has been designed to upgrade the infrastructure at CSIA to cater to 40 million passengers and one million metric tonne of cargo every year.
Led by Industrial Development Bank of India (IDBI) and Unit Trust of India (UTI), MIAL would finance this through a combination of internal cash generation and fresh capital infusion. The debt/equity ratio has been capped at 4:1.
“The period between 2010-2015 would be difficult for MIAL, since we would have to service the debt during this period,” Reddy added.
13/10/06 Finacial Express

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