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 Urban

17 Sep 2025

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

Real Estate

17 Sep 2025

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

Infrastructure Transport

17 Sep 2025

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..