Monday, January 24, 2005

Bangalore airport project work to begin in March

Bangalore airport project work to begin in March

The Hindu Business Line

THE construction of the greenfield airport at Bangalore should start by March this year, the President (Operations) and Deputy Managing Director, Larsen & Toubro Ltd, Mr A. Ramakrishna, has said.

"We hope to start construction in Bangalore by March 1. The project cost has definitely gone up due to inflation, however interest costs have come down. But despite this the project is still viable," Mr Ramakrishna said and added that the project is likely to be completed within 33 months.

ICICI is the lead arranger for the Rs 1,334-crore project.

The Karnataka Government has inked the land lease and State support agreement thereby paving the way for the project to finally take off.


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