Bangalore airport's capacity to grow 3x by 2028, expansion to cost $2 bn

BIAL's passenger traffic in 2017 grew 12.9 per cent over a year earlier to 25 million; cargo handled by the airport increased 8.1 per cent

Fairfax-owned Bangalore International Airport (BIAL) is expected to see a capacity expansion in with an investment of around $2 billion. This will help the airport handle 65 million passengers a year by 2028, against 20 million passengers at present. 

In a letter to shareholders enclosed with Fairfax India's annual report and shared with shareholders recently, Prem Watsa, chairman and chief executive of Fairfax Financial Holding, said: "This (BIAL) is indeed a very exciting investment for Fairfax India."

A second runway is under development with 2019 as the deadline for completion. A second terminal is scheduled to be completed in 2021, for