Project Details

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Results Chart for Delivery Method and Financing

Delivery Method

DBFOM All Private Finance
# of Projects: 1
100% of the Results

Background informationProject Created: December 1, 2008

Project Name: Modernisation of Delhi International Airport
Year in Operation:
Sector: Transportation
Subsector: Airport, Transportation Terminal
Status: Design / Construction
Type: Substantial Alteration of Existing Facility
Description: Modernization of the Delhi International Airport, including expansion, rebuilding, and ongoing operations and maintenance. The centre piece of the project is a new terminal - terminal - 3. It would feature 55 aerobridges and 30 remote parking bays. The runway would be compatible for Airbus A 380. Connectivity with the city would be through a 6 lane highway and a high speed metro linking the airport with the New Delhi Railway Station, with one stop in between.
Delivery Method as described in the country where it's located: Lease Develop Operate Transfer (LDOT)
Is the project still active: Yes
Comments: Concession period for 30 years with concessionaire having option to extend by another 30 years (60 years). The project is spread over 21 sq. km.

Project Locations

Address:
City: Delhi
State:
Country: India, Republic of

Souces of Project Support (Non-monetary)

Checkbox Checked Land: The project is spread over 21 sq. km. The concessionaire has been allowed free use of about 250 acres of land i.e. it can use this land for any purpose unconnected with the airport to finance the project.
Checkbox Checked Revenue Stream (Cash Flow) Protected Through Long Term Commitment(s) of Public Sponsor(s): The concessionaire is to share 46% of the revenue earned with the Government. A Regulator has been envisaged and recently a Bill passed by Parliament for the same.

Souces of Project Support (Monetary)

Checkbox Checked

From Private Capital Markets Directly to Producers as Debt: Approximately 75% debt financing. Concessionaire is to finance all capital expansion, repairs, and operations, including debt financing, as necessary.

Checkbox Checked

From Producers as Equity: Approximately 25% equity contribution.

Project Delivery & Finance Method

Project Delivery:
All Public Finance. Public Sponsor contracts for initial design, and separately contracts for initial construction. Public Owner operates and maintains the resulting facility.
Is there an independent checking engineer? No
Project Finance Method: All By Private Sponsor

Procurement Approach

Project Component
Qualifications
Based Selection
Request for
Qualifications
Request for
Proposals
Invitation
for Bids
Unsolicited
Proposals

Term for Key Components & Forms of Contract

Project Component
Years
Quarters
Combined Term: Initial Design, Construction, O&M Period
30
0
Forms
Description
 
 

Project Value (If and As Known)

Date of Estimated Project Value: May 1, 2008
Project Value
Hard Cost
Hard & Soft Costs
Total
$500 Million - 2 Billion US
(none)

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