• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Shashi Ashiwal

Building airports: Mr A.M. Naik (right), Chairman & Managing Director, Larsen & Toubro Ltd, and Mr G.V. Krishna Reddy, Chairman, Mumbai International Airport Pvt Ltd, at a press conference in Mumbai on Thursday. —

Our Bureau

Mumbai, Nov 1

Engineering and construction company Larsen and Toubro has been awarded a Rs 5,550-crore contract to build the new integrated airport passenger terminal at Chhatrapati Shivaji International Airport.

Mumbai International Airport Ltd, which awarded the contract, said the order was for modernisation and expansion of the existing airside facilities such as construction of taxiways, aprons, aircraft maintenance, utility services and primary infrastructure support facilities. Landside facilities comprising a new multi-storey car park and access roads up to the terminal are also part of the contract.

The new terminal, to be set up in four years, would be able to cater to both domestic and international operations. It would also double the passenger handling capacity to 40 million per annum.

Mr A.M. Naik, Chairman and Managing Director of Larsen and Toubro, said it was the largest order for the company. The complexity of the order was immense, as it had to be taken up in a running airport without disrupting traffic.

The Managing Director of MIAL, Mr G.V. Sanjay Reddy, said the new five million sq ft terminal at Sahar would come at the same location of the existing one, to house both international and domestic operations. Almost half of the existing domestic terminal would be demolished, while certain parts could be used by low-cost airlines and cargo purposes.

A dedicated elevated six-lane access road would be built to the airport from the western expressway as also a four-lane to the eastern side. The elevated road is expected to cost Rs 250-300 crore.

The entire airport modernisation programme would roll out in three phases – 2010, 2011 and 2012.

MIAL recently awarded the contract for rehabilitation and resettlement of slums on 276 acres of the 2,000-acre airport land to the Mumbai-based Housing and Infrastructure Ltd.

The land required for rehabilitation of the slum dwellers is about 200 acres of which HDIL would offer a portion and the rest would come from the Government and other agencies. The slum rehabilitation process will be undertaken in a phased manner between 18 and 48 months. HDIL is said to have identified a stretch close to Sahar for the resettlement exercise.

The stock price of L&T closed on Thursday at Rs 4,426.60, up 4.29 per cent from Wednesday’s Rs 4,244.55.

More Stories on : Infrastructure | New Business | Airlines | Larsen & Toubro Ltd

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
DoT against inclusion of 450 Mhz as 3G band

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line