Financial Daily from THE HINDU group of publications
Wednesday, Nov 27, 2002
Financial Daily from THE HINDU group of publications Wednesday, Nov 27, 2002 |
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Logistics
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Infrastructure BIAL financial closure likely by March 31 Our Bureau
BANGALORE, Nov. 26 THE Bangalore International Airport project, on which some token and preliminary construction work will begin on November 29, is now expected to reach financial closure only by March 31, 2003. The enabling amendment to the Airports Authority Act is pending and is unlikely to come up during the current session as promised. The Ministry of Civil Aviation has finalised the requirements. "But there is no problem in the company, Bangalore International Airport Ltd (BIAL), deciding to go ahead," Mr Anurag Goel, Joint Secretary in the Ministry who was in town on Tuesday, said.
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