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Airport Projects

GVK signs concession agreement for Navi Mumbai airport

GVK Power and Infrastructure Limited has signed a concession agreement with City and Industrial Development Corporation (Cidco) to create a special purpose vehicle (SPV) for developing the long-delayed Navi Mumbai International Airport. In the SPV–Navi Mumbai International Airport Limited (NMIAL)–Mumbai International Airport Limited (MIAL) holds 74% stake and Cidco holds ...

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Heathrow cuts £2.5bn from expansion plans

The total construction costs will be cut from £17bn in the initial estimate to almost £14bn. Existing passenger facilities will be expanded at Terminal 2 and Terminal 5 to accommodate an additional 16.5 million travellers. This will save on the costs of constructing a separate terminal for the extra runway. Approximately ...

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