Bangalore International Airport (BIAL) is reportedly set to raise about $2 billion for building a new terminal and runway, which are expected to become operational within three years. The company is expected to raise funds at 0.25-0.50 over the MCLR (marginal cost of funds-based lending rate) with a tenure of about 15 years. As reported, the airport company is facing a debt of around Rs 15.5 billion. A sum of Rs 38 billion has been invested for building the airport as well as expansion.
The current terminal has a capacity of 20 million passengers, whereas the current traffic is about 26 million passengers. The new terminal will increase the capacity by another 25 million passengers. The airport is going ahead with a new runway which should be complete by 2019. The new terminal is expected to be completed by the first quarter of 2021.