L&T set to bag Rs5,000-cr Mumbai airport redevelopment contract
31 October 2007Mumbai: Domestic engineering and construction major, Larsen & Toubro (L&T), may have bagged the contract for the redevelopment of the Mumbai airport, according to industry sources. The contract may be finalised by the end of the week, sources said.
The contract entails reconstruction of the domestic and international airport buildings, as well as the air-side redevelopment of the Chatrapati Shivaji International Airport (CSIA). This will include building the runway and a new integrated cargo complex among others. The total value of the deal is estimated to be worth over Rs5,000 crore.
Even as the airport is redeveloped section-by-section, the airport will continue operations, which, according to industry observers, would make it one of the most complex infrastructure projects to be undertaken in the world.
L&T will carry out most of the work on its own, except for some technical contracts, which it may farm out to domain experts in areas such as baggage handling, specialised electrical and mechanical work.