The Kempegowda international airport is set to receive a major facelift including a new terminal, access roads, second runway, internal road infrastructure, and a multi-modal transport hub at an estimated cost of Rs 13,000 crore.
According to Bangalore International Airport Infrastructure Limited (BIAL) Chief Executive Officer, Hari Marar, the cost of constructing the terminal itself is Rs 3,500 crore. Phase-2 of the project will be funded in a 20:80 ratio (20 percent equity and 80 percent debt). Marar added that the entire share of equity will come through internal approvals from BIAL while the remaining share will be raised through banks.
The authority intends to complete the expansion of the airport by 2021. It will create job opportunities for 45,000 people, leading to an increase of 25,000 employees from the existing 20,000. Marar added that the new terminal of the airport will be world class in all aspects, be it design, processes, the team operating and managing it and adoption of sustainable practices and its performance. It will be constructed thoughtfully at an affordable cost.
The airport will use consume zero electricity during the days as provisions will be taken to use renewable energy particularly, solar energy at the terminal. Adequate measures will also be taken by the authority to make it self-sustained in terms of water requirements.
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