The Bangalore International Airport (BIAL) is planning to achieve financial closure for its Phase-II expansion plan worth Rs 13,000 crore by the end of January 2019. The company is going in for debt-equity in the ratio of 80:20.

For the debt component, it is getting commitments from banks and other institutions in excess of the requirement. The airport has 70:30 aeronautical and non-aeronautical revenue and has a CAGR of 12 percent. Once the expansion is complete, it is expected to touch a CAGR of 13.5 percent.

The airport handled nine million passengers in 2008 and 27 million in 2018. It expects to triple in the next 10 years to touch 80 million passengers.

When Phase-II expansion is completed in 2021, BIAL will employ around 40,000 people directly and indirectly. The expansion is expected to boost connectivity and improve movement of goods of the state and provide the much-needed capacity.