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Hyderabad, Aug. 21

The Hyderabad-based Lanco Infratech Ltd has bagged a Rs 83-crore contract to develop and modernise the existing airport at Varanasi in Uttar Pradesh. The company has three other bidders in the cash contract to be executed over a 15-month period. The contract involves re-development of existing airport, its terminal construction, various facilities for passenger comfort and runway expansion. The project is a cash-contract deal and the mandate is to complete construction works and handover the airport to Airports Authority of India, company sources told Business Line. - Our Bureau

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