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Expansion plans at Kolkata and Chennai to cost USD210.9 million more than expected

3-Jun-2009

The expansion of Chennai and Kolkata airports is expected to cost a further USD210.9 million (INR10 billion) over the original estimated cost of USD790.8 millon (INR37.5 billion) for the two airports, according to the Planning Commission, with developments at both airports already under way. Reasons behind the rise in costs have not been disclosed. AAI has stated previously it would consider requesting funding from the Indian Government due to the high costs of the airports’ plans. [1390 words]

Unlock the following content in this report:

Subheadings:

  • Kolkata Airport traffic falls 13.3% year-on-year in Mar-2009
  • Traffic at Chennai Airport falls 14% year-on-year
  • Final decision on expansion of Chennai runways to be made by end of May-2009
  • Forest department requests construction of fences around Kolkata runways
  • Two new radars to be installed at Chennai
  • Line maintenance building opened at Chennai
  • Plans to develop "Aero Park" near Chennai, and airport city near Kolkata
  • AAI tenders duty free concession at Chennai; Kolkata reports drop in duty free sales
  • Airports award Tata Group electro-mechanical work contract

Graphs and data:

  • Kolkata International Airport passenger traffic growth (% change year-on-year): Apr-08 to Mar-09
  • Chennai International Airport passenger traffic growth (% change year-on-year): Apr-08 to Mar-09
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