ITD Cementation, an Italian-Thai infrastructure development company, has emerged as the lowest bidder for modernisation of Netaji Subhash Chandra Bose International Airport.

Airports Authority of India had invited financial bids from four shortlisted parties for upgrading the Kolkata airport. The companies shortlisted were Herv Pomerleau Canada-Consolidated Construction Consortium, ITD-Cementation India, TAV Tepe Akfen Yatirim ve Isletme AS-Punj Lloyd, and Larsen &Toubro.

The NSCBI airport modernisation is expected to cost some $500 million in the first phase, which will take its annual passenger handling capacity from 4.9 million to around 25 million. The existing capacity of the international terminal of the airport is 882,000 passengers and of the domestic terminal is 4.06 million passengers.

The modernisation will include extension of the second runway, construction of rapid exit taxiways, installation of navigation and surveillance systems, and setting up a new integrated terminal building. The construction is expected to be completed in 30 months and the process of development is expected to be over by 2011.

Also See:

Financial bids for Kolkata airport revamp to open on 23 June (17-Jun-08)