The Delhi airport operator is likely to incur a capital expenditure of ₹9,000 crore for expansion works at Indira Gandhi International Airport during the next three years, said its CEO Videh Kumar Jaipuriar.
The expansion process will include a new runway by the end of 2022, increase in terminal capacity, and an elevated eastern cross taxiway. This is part of the Master Plan and will be implemented in three phases, starting from January 2019. “The Airport Economic Regulatory Authority has given tentative approval for a capital expenditure of ₹9,000 crore. This is in addition to the ₹13,000 crore we have already spent,” the CEO of Delhi International Airport Limited said on Tuesday. He said most of this amount will be raised through borrowings and some of from internal cash flow.
Senior DIAL executives were speaking on the sidelines of the launch of a report on ‘Economic Impact of Delhi Airport’ and a coffee-table book on 10 years of the airport by Vice-President M. Venkaiah Naidu. The report by the National Council of Applied Economic Research stated that Delhi airport will create 40 lakh jobs through direct and indirect employment.
