 "Navi Mumbai International Airport")
The first phase of Navi Mumbai airport will now cost Rs 135.6 billion, which is about 50 per cent higher than the earlier estimate of around Rs 90 billion made by the planning authority.
GVK group, which is constructing the airport, announced it has tied up funding for the project with YES Bank as lead lender. Credit rating agency CRISIL has accorded an A+ stable rating for the project’s Rs 103-billion bank loan facilities.
According to a CRISIL report, Phase I of the project is expected to be completed at a cost of Rs 135.6 billion and will have a
