Changi takes stake in Indian aerotropolis

Monday, 13 Jan, 2009 0

SINGAPORE – Changi Airports International – the overseas investment arm of the Civil Aviation Authority of Singapore – has taken a stake in a major airport project in eastern India.

Three years ago, Changi Airports opted out of participating in the modernization of Delhi airport.

The US$2 billion Bengal Aerotropolis Project will combine an international airport with an IT park, logistics hub and township in Durgapur, a steelmaking town two hours by road from Calcutta.

Changi Airports’ stake in the project is believed to be worth about US$126 million, according to the Straits Times, which says that the new airport could grow into a hub for the entire north-east of India.



 

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Ian Jarrett



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