Kempegowda Airport to get $2.2 bn investment for infra

11 Mar 2021 CW Team

Kempegowda International Airport (KIA) will see an investment of $2.2 billion to develop infrastructure that can handle about 90 million passengers by 2034.

Indian born Canadian businessman Prem Watsa whose Fairfax India Holdings Corporation has a 54% in the Bengaluru International Airport Ltd (BIAL), said in a letter to shareholders that there are plans to expand the airport.

The airport has three potential revenue sources—aero revenue, non aero revenue, and real estate monetisation.

Aero revenue is the revenue generated by providing services such as landing, parking and other services charged as user development fees (UDF) to airlines and passengers.

The aero tariffs, which are fixed by the Airport Economic Regulatory Authority (AERA), are set for five year periods, which are also known as control periods.

With regard to real estate monetisation, Watsa told the media that BIAL has approximately 460 acres of land adjoining the airport, which can be developed.

4th Indian Cement Review Conference 2021

17-18 March

Click for event info

Watsa said a 100% owned special purpose vehicle (SPV) subsidiary of BIAL was incorporated to carry on the real estate activities of BIAL. This entity—Bengaluru Airport City Limited (BACL), is now capitalised and staffed and is expected to be self funded.

Plans to develop the first 176 acres of land have been initiated, and several deals are being negotiated. Infrastructure planning and detailed design for the development of BIAL has been completed, said Watsa.

Following the principles of a smart city, BACL will focus on four asset classes—business parks, dining and entertainment village (RDE), retail, hospitality, and convention and exhibition centres.

Image Source

Also read: Fairfax to list Anchorage in Indian stock exchanges

Kempegowda International Airport (KIA) will see an investment of $2.2 billion to develop infrastructure that can handle about 90 million passengers by 2034. Indian born Canadian businessman Prem Watsa whose Fairfax India Holdings Corporation has a 54% in the Bengaluru International Airport Ltd (BIAL), said in a letter to shareholders that there are plans to expand the airport. The airport has three potential revenue sources—aero revenue, non aero revenue, and real estate monetisation. Aero revenue is the revenue generated by providing services such as landing, parking and other services charged as user development fees (UDF) to airlines and passengers. The aero tariffs, which are fixed by the Airport Economic Regulatory Authority (AERA), are set for five year periods, which are also known as control periods. With regard to real estate monetisation, Watsa told the media that BIAL has approximately 460 acres of land adjoining the airport, which can be developed.4th Indian Cement Review Conference 202117-18 March Click for event info Watsa said a 100% owned special purpose vehicle (SPV) subsidiary of BIAL was incorporated to carry on the real estate activities of BIAL. This entity—Bengaluru Airport City Limited (BACL), is now capitalised and staffed and is expected to be self funded. Plans to develop the first 176 acres of land have been initiated, and several deals are being negotiated. Infrastructure planning and detailed design for the development of BIAL has been completed, said Watsa. Following the principles of a smart city, BACL will focus on four asset classes—business parks, dining and entertainment village (RDE), retail, hospitality, and convention and exhibition centres. Image Source Also read: Fairfax to list Anchorage in Indian stock exchanges

Technology

29 Jul 2026

AI-Enabled Workflows Lift Profitability and Productivity

Organisations modernising frontline workflows with artificial intelligence, automation and real-time data are reporting stronger financial performance, higher productivity and improved employee engagement, according to a global study by Zebra Technologies and Oxford Economics.The research covered 1,000 senior leaders across retail, manufacturing, transportation and logistics in the US, Mexico, the UK, Germany, India, Japan, Australia and New Zealand.In transportation and logistics, 54 per cent of companies that improved picking and packing operations reported faster operational performance, wh..

Real Estate

29 Jul 2026

India Leads Global AI Readiness but Implementation Lags

Indian companies lead global averages across all eight artificial intelligence readiness indicators tracked by JLL, but only 19 per cent have started making changes to their workplaces, according to the JLL 2026 Future of Work Survey.The study found that 77 per cent of Indian business leaders expect AI to change their office requirements, creating a 58-percentage-point gap between awareness and implementation. The survey covered more than 2,200 CEOs, CFOs and real estate leaders across 21 countries during the first quarter of 2026.Despite concerns over automation, 58 per cent of Indian leaders..

Equipment

29 Jul 2026

Three WOLFF Cranes Build Riyadh Cable-Stayed Bridges

Three WOLFF 180 B luffing jib cranes are supporting the construction of two cable-stayed bridges alongside the existing Wadi Laban Bridge in Riyadh, Saudi Arabia. The project is being developed for the Royal Commission for Riyadh City and executed by the ICRC joint venture comprising IC Ictas and Al Rashid Trading & Contracting Company.The cranes are handling lifting operations including formwork, reinforcement, concrete placement, work platforms, surveying equipment and other construction materials. Each crane is fitted with a 40 m jib, reaches a hook height of 157 m and offers a maximum ..