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

Infrastructure Energy

14 Oct 2025

Mizoram To Build Rs 139 Billion Pumped Storage Power Plant

Mizoram Chief Minister Lalduhoma on Friday announced plans to construct a 2,400 MW pumped storage hydroelectric power plant in Hnahthial district, marking a major step towards achieving energy self-sufficiency in the state. Addressing the Mizo Students’ Union general conference in Hnahthial town, the Chief Minister said the plant would be developed across the Darzo Nallah, a tributary of the Tuipui river. Once operational, the project is expected to play a pivotal role in meeting Mizoram’s rising electricity demand and reducing dependence on imported power. Officials from the State Power..

Infrastructure Energy

14 Oct 2025

Centre Plans Nationwide Opening Of Power Retail Market

India is preparing to open up its retail electricity market to private companies nationwide, effectively ending the long-standing monopoly of state-run power distributors in most regions, according to a draft bill released by the Union Power Ministry on Friday. The move will enable major private sector players — including Adani Enterprises, Tata Power, Torrent Power, and CESC — to expand their presence across the country’s electricity distribution landscape. A similar reform attempt in 2022 had faced strong opposition from state-run distribution companies (discoms), which currently dom..

Infrastructure Energy

14 Oct 2025

CEA Sets 100 GW Nuclear Target For India By 2047

In a landmark step marking its 52nd Foundation Day, the Central Electricity Authority (CEA) unveiled an ambitious roadmap to develop 100 gigawatts (GW) of nuclear power capacity by 2047, aligning with India’s long-term Net-Zero commitment and energy security objectives. The event, held at the Central Water Commission auditorium in New Delhi’s R.K. Puram, was attended by Pankaj Agarwal, Secretary, Ministry of Power, who served as the Chief Guest. The roadmap sets out a detailed plan to expand India’s nuclear capacity from its current level of approximately 8,180 MW as of early 2025, outl..