India’s GVK Power & Infrastructure Ltd is all set to expand the Bangalore airport by investing a total amount of Rs 1,000 crore. Besides, the company is also keen to increase stake in Mumbai and Bangalore airports, wherein the company now has management control.
“A meeting of the board of Bangalore airport is slated shortly. It is likely to approve the expansion plan which will add another terminal. After the phase one expansion, which would sustain for the next three to four years, we will have to consider another major expansion to bring the airport on par with Delhi and Mumbai airports to keep pace with the growing traffic,” said Mr G.V.K. Reddy, Chairman, GVK.
The Bangalore airport which is the third busiest airport in India handles over 10 million passengers per annum. The airport equipped with all kinds of facilities like free wireless internet, porters to carry luggage, money exchange counters, shopping areas, airline lounges and sports bar houses both the domestic and international terminals in the same building, and share the same check-in hall.
The company is currently handling Mumbai airport project that will have both international and domestic terminals with capacity to handle about 40 million passengers per annum. It is slated to be ready by December 2012.