/Kempegowda International Airport – Phase 1

Kempegowda International Airport – Phase 1

KIA, continued to perform well retaining its position as the 3rd largest airport in the country in terms of the passenger traffic. Present equity holding is 13% each from GOI & GOK; 26% by Seimens; 43% GVK & 5% by Unique Zurich. GVK and Unique Zurich are intending to sell their 33% and 5% shares in BIAL respectively, to Fairfax Financial Holdings. Expansion of Terminal was completed and inaugurated in December 2013. KIA has handled 22.88 million passengers in 2016-17 as compared to 18.97 million passengers in 2015-16 registering 20.16% growth. As per the audited financial figures, total revenue was Rs.1343.68 crore with profit after tax of Rs.565.38 crore for the FY 2016-17. KIA has taken up the development of second runway and terminal. KSIIDC on behalf of GoK, got land lease rent of Rs.12.94 crore for the year 2016. KSIIDC continued its role as the nodal agency in dealing with all importantant matters concerning the Governmant. Taking into account the present growth in air traffic, BIAL has taken up development of the second runway as well as the second terminal building. Expansion of trumpet interchange is also being taken up. KSIIDC continues its role as the nodal agency in dealing with all important matters concerning the Government.
Documents
  1. Concession Agrement
  2. Land Lease Deed
  3. Share Holder Agreement
  4. State Support Agreement