Bangalore Kempegowda International Airport Expansion - Phase II

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The project involves the second phase expansion of the Kempegowda International Airport in Bangalore, state of Karnataka, India. The project includes includes the construction of a new terminal, a second runway, access roads and a multi-modal transport hub. Bangalore International Airport Ltd (BIAL) is the operator of the airport and it owned by is Fairfax (54%), Siemens Projects Ventures (20%), Karnataka Government (13%) and the Airports Authority of India (13%). The project cost is INR 133.52 billion ($1.89 billion) of which BIAL has raised INR 102.06 billion or $1.44 billion in debt from a syndicate of banks including the State Bank of India (INR 51 billion or $720.4 million) and Axis Bank (INR 51.06 billion or $721.25 million). The debt to equity ratio is 80:20. Financial close was announced in August 2019. The project is expected to be completed by mid-2021. https://www.airport-technology.com/news/bangalore-international-airport-raises-funds-for-expansion-projects/ https://www.bloombergquint.com/business/bial-raises-over-rs-10-206-cr-from-banks-for-expansion-work-2