Delhi International Airport (P) Ltd. (DIAL) is a Public Private Partnership Initiative that has been awarded the mandate for the modernisation and restructuring of the Indira Gandhi International Airport in New Delhi. DIAL comprises the GMR Group, Airports Authority of India, Fraport AG, Eraman Malaysia and India Development Fund. The directive is 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 GMR Group holds 50.1% of equity in the project, while the Airports Authority of India holds 26%. Fraport and Eraman Malaysia hold 10% each, while IDF has a 3.9% holding. Besides upgrading of the existing terminals, the project envisions the construction of a new integrated terminal that, in the first phase, would be able to handle 37 million passengers per annum. This phase is expected to be completed by 31 March 2010, for the Commonwealth Games. In addition to the passenger terminal, new runways would also be built to cater to the additional air traffic. Going further, the project aims to achieve an ultimate design capacity of 100 million passengers per annum.
GMR has a 50.1% interest in the Delhi Airport. Apart from operation, development, and management, it will carry out aeronautical services, and develop the real estate around the airport.
The revenue streams for the airport would be from the various services it would offer, from flights and passengers passing through the airport, through landing charges, parking charges and passenger service fees. Real estate, including hotels and business parks, will be developed which it can lease or rent to another developer.
DIAL has been awarded the ISO 9001:2000 quality certification for the cargo terminal. This certificate, awarded by the Lloyds Register is in recognition of the efforts put in by DIAL to improve customer service, quality control and efficiency. The air cargo terminal, spread over 27 acres of land, manages and operates a common user infrastructure facility for storage and processing of international air cargo, and provides custodianship to DIAL. With the help of semi-mechanized integrated facilities, the terminal undertakes secured and efficient export, import and trans-shipment cargo functions. It provides a single window clearance for export and import cargo under one roof, with a view to facilitate expeditious processing and custom clearance of international cargo.
Delhi International Airport Ltd. (DIAL) will be the first airport in the country to have a new integrated common terminal for both international and domestic passengers, and a third runway of 4,430 metres in length, the longest in Asia. The entire airport modernisation project will require a cumulative investment of Indian Rupees 85 billion over the next four years.
