DIAL has mandate to finance, modernise airport

New Delhi, Feb 17 (UNI) Delhi International Airport Private Limited (DIAL) is a public private partnership initiative that has been awarded the mandate for modernisation and restructuring of the Indira Gandhi International Airport here.

It comprises the GMR group, Airports Authority of India, Fraport AG, Eraman Malaysia and India Development Fund.

DIAL has the mandate to finance, design, build, operate and maintain the airport for a period of 30 years till 2036 with a further option of 30 years.

The Bangalore-based GMR group holds 50.1 per cent of equity in the project while the Airports Authority of India holds 26 per cent.

Fraport&Eraman Malaysia hold 10 per cent each while IDF has a 3.9 per cent holding.

GMR group: The GMR group is an infrastructure development company with interests in energy, transportation and manufacturing. With an asset base of Rs 3,200 crore, the group has developed several projects from concept to commissioning. In addition to the Delhi airport, the GMR group is also developing a greenfield international airport at Shamshabad near Hyderabad.

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