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Ashwini Phadnis

Also accept A-380 when the phase of the expansion plan is completed

New Delhi , Oct. 4

The new airport coming up in Delhi would be ready to receive the world's largest passenger aircraft the Airbus A-380 in March 2008, when the first phase of the expansion plan is completed.

"The first phase of the expansion plan would be completed by March 2008 and would allow the airport to handle 35 million passengers annually. The airport would have an integrated international and domestic passenger terminal and would be in a position to accept the Airbus A-380 well before Delhi hosts the Commonwealth Games," official sources told Business Line. The airport would be designed to handle up to 90 million passengers annually.

Joint venture co

The airport project is being taken up by a new joint venture company, Delhi International Airport Ltd (DIAL), in which the Bangalore-based GMR group has a majority stake.

The other stakeholders in the joint venture company include Fraport, the operators of Frankfurt airport and Airports Authority of India (AAI) that has a minority stake.

The master plan for developing the new airport has already been submitted to the Government and final clearances are expected within a month, sources indicated.

Deadlines

In view of the tight deadlines, the joint venture company has already sought expression of interest for the engineering, procurement and construction (EPC) contracts connected with the airport modernisation project.

Sources indicated that all the construction work contracts would have to be given out by January or February next year as the contractor would require at least 36 months for completing the work.

The joint venture company is likely to follow a fixed price contract system. Incidentally, GMR followed a similar strategy for construction of the new greenfield airport in Hyderabad.

The

operations, maintenance, development and agreement (OMDA) specifies certain mandated capital expenditure and the timeof completion.

These include the construction of a new parallel runway, not less than 15 months from the signing of OMDA and also a budget and luxury hotel by 2010.

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Delhi airport first phase by 2008

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