Mumbai Airport said it will invest Rs 2,280 crore this fiscal on modernisation and development work against Rs 1,306 crore in FY10.
A Mumbai International Airport (MIAL) spokesperson said the company had targeted a Rs 2,280 crore investment this fiscal. In comparison, MIAL had targeted a Rs 2,300-2,500 crore capital expenditure for the Mumbai airport in the last financial year.
The country's busiest airport is being modernised and developed by MIAL, a joint venture between Airports Authority of India (AAI) and a GVK-led consortium, with 26 per cent and 74 per cent equity, respectively.
While Rs 570 crore and 412 crore of the projected Rs 2,280 crore investment are expected to be incurred during the first two quarters, the remaining two quarters would entail an investment of Rs 663 crore and 635 crore, respectively, according to a Planning Commission report on the civil aviation sector.
MIAL envisages a total investment of Rs 9,800 crore on the airport project, which is likely to be completed by 2012.
The modernisation and development work includes construction of a new integrated passenger terminal at Sahar, which is likely to be completed in three phases by 2012.
The first phase of the new building is expected to be completed by 2010 and the second by 2011.
The terminal building will have a total floor area of around 4.3 million sq metres across four levels. The highly flexible gating plant and terminal arrangement aims to accommodate 40 million domestic and international passengers every year.
It would also offer 184 check-in counters, 14 baggage claim belts and 52 contact positions with passenger boarding bridges.
About 7,00,000 lakh sq ft will be reserved for retail shops, food and beverage outlets, lounges and other travel services.
