| Airports to raise perpetual loans |
| Tamal Bandyopadhyay / Mumbai February 27, 2006 |
| First time in the country for an infrastructure project. Modelled on the novel financing pattern of the $15-billion, 95-mile Euro Tunnel that links Great Britain and continental Europe, the modernisation programmes of the Mumbai and Delhi airports will be part-financed by loans in perpetuity. This will be the first instance of an infrastructure project in India being backed by perpetual loans. Under an arrangement, the two consortia |
