Delhi International Airport: Case Study: Delhi Gurgaon Expressway
Delhi Gurgaon Expressway
Background:
NHAI was entrusted with the implementation of the Golden Quadrilateral project as a part of which it suggested converting a busy section of NH-8 connecting Delhi and Gurugram into a 6/8 lane access control carriageway. This stretch experienced high vehicle density of 45,000 Passenger car units /day in 2000.
Objective:
To fulfil NHAI’s responsibility in facilitating connectivity with minimal traffic congestion, pollution, accidents and fuel wastage and to augment capacity
Key Findings:
• The project got commissioned on 25th January 2008, handling a volume of 180,000 PCUs per day and is growing at 9% Y-O-Y
• PPP financing:
The funding at the time of financial closure in 2003 was Rs 547.5 crore with debt of Rs. 383.3 crore and …show more content…
Promoted as Joint Shareholding with Airport Authority of India, while Gov retaining Air Navigation, Air Traffic Control, Airport Security and Immigration outside the PPP.
Main Outcome:
One of the biggest terminals in the world, T3 at Delhi is in an area spanning 502,000 sq m commissioned in a record time of 37 months from award. Besides successful operations, PPP has taken up participation in multiple commercial streams such as Duty Free Shops, Fuel Farm, Cargo, Car Park, Advertising, IT, Aviation Services, F&B etc. Delhi Airport – comparable to global benchmark with 160,000 sq m commercial space and 600,000 MT cargo handling. 6 fold increase in commercial revenue in 4 years. Delhi has overtaken Mumbai as the busiest airport in India in Feb 2011.
Project Features:
• Two key Agreements, Op, Maint, Dev with AAI and State Support with GOI
• Innovative financing-Equity/internal accruals, refundable deposits, rupee term loan, ECB and Gap by Airport Development
Background:
NHAI was entrusted with the implementation of the Golden Quadrilateral project as a part of which it suggested converting a busy section of NH-8 connecting Delhi and Gurugram into a 6/8 lane access control carriageway. This stretch experienced high vehicle density of 45,000 Passenger car units /day in 2000.
Objective:
To fulfil NHAI’s responsibility in facilitating connectivity with minimal traffic congestion, pollution, accidents and fuel wastage and to augment capacity
Key Findings:
• The project got commissioned on 25th January 2008, handling a volume of 180,000 PCUs per day and is growing at 9% Y-O-Y
• PPP financing:
The funding at the time of financial closure in 2003 was Rs 547.5 crore with debt of Rs. 383.3 crore and …show more content…
Promoted as Joint Shareholding with Airport Authority of India, while Gov retaining Air Navigation, Air Traffic Control, Airport Security and Immigration outside the PPP.
Main Outcome:
One of the biggest terminals in the world, T3 at Delhi is in an area spanning 502,000 sq m commissioned in a record time of 37 months from award. Besides successful operations, PPP has taken up participation in multiple commercial streams such as Duty Free Shops, Fuel Farm, Cargo, Car Park, Advertising, IT, Aviation Services, F&B etc. Delhi Airport – comparable to global benchmark with 160,000 sq m commercial space and 600,000 MT cargo handling. 6 fold increase in commercial revenue in 4 years. Delhi has overtaken Mumbai as the busiest airport in India in Feb 2011.
Project Features:
• Two key Agreements, Op, Maint, Dev with AAI and State Support with GOI
• Innovative financing-Equity/internal accruals, refundable deposits, rupee term loan, ECB and Gap by Airport Development