Airports to raise perpetual loansTamal Bandyopadhyay / Mumbai February 27, 2006First time in the country for an infrastructure project.Modelled on the novel financing pattern of the $15-billion, 95-mile Euro Tunnel that links Great Britain and continental Europe, the modernisation programmes of the Mumbai and Delhi airports will be part-financed by loans in perpetuity. This will be the first instance of an infrastructure project in India being backed by perpetual loans.Under an arrangement, the two consortia
