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Changi Airports International invests in Indian Airport City developer and project

8-Jan-2009

Singapore's Changi Airport International Pte (CAI) has purchased a 26% stake in Bengal Aerotropolis Projects Ltd (BAPL), which is establishing a USD2.1 billion 'Airport City' in Durgapur. The first phase of the airport city project will require approximately 2,363 acres of land and include an airport, IT Park, logistics hub, township and theme park. The project is expected to take seven years to complete. [1001 words]

Unlock the following content in this report:

Subheadings:

  • Major foray into Indian market for CAI
  • Seven year project to be implemented in phases
  • Deals in India have been slow in coming
  • 'Airport City' concept is well-established in North America and Europe

Graphs and data:

  • Existing and Projected (p) Airport Cities
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