![]() Financial Daily from THE HINDU group of publications Friday, Jul 15, 2005 |
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Logistics
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Infrastructure Bangalore Airport: Siemens bags Rs 325-cr contracts Our Bureau
Bangalore , July 14 SIEMENS has said its Industrial Solutions and Services group has received contracts of nearly Rs 325 crore from Bangalore International Airport Ltd for supply and services of technical systems for the greenfield airport project at Devanahalli near here. Of this, Siemens Ltd India's I&S division has been awarded contract of Rs 175 crore, while Siemens AG's contract is around euro 28.3 million (approximately Rs 150 crore), the release said. The contracts are to be executed within 30 months. Siemens, through its arm Siemens Project Ventures, is the consortium leader with 40 per cent equity in the Rs 1,411-crore project. The contracts have been effective since the project achieved financial closure on July 2. Siemens India has got the engineering and procurement and commissioning (EPC) contract covering the complete project management and turnkey electrification. This includes design and engineering, supply, installation, testing, commissioning and training for electrical systems such as sub-stations, flood-lighting, terminal building and boundary wall electrification, building management systems and passenger conveying systems. The Siemens AG contract includes the supply of other technical systems for airfield lighting, aerobridges, baggage handling, security, IT, telecommunication and public address, as also medium voltage distribution substations, diesel generators and 11 KV cables. The Siemens group in India has business volumes of around Rs 5,400 crore. According to Mr J. Schubert, Managing Director of Siemens Ltd, the German major's flagship company in India, the project, once completed, would set the benchmark for new airports being planned in the country. Mr O.P. Narula, Director of Siemens Ltd, said, "This is a prestigious order for Siemens in India and Germany, as it marks a beginning for us in India in the field of airports. Most of the products, systems and solutions will come from our own portfolio, from a single source." The airport will be located 30 km from Bangalore and cover 3,900 acres. It will be executed in phases and is planned for operation by April 2008. It will eventually have two runways, 120 aircraft stands, two terminal buildings to handle more than 40 million passengers and cargo capacity of one million tonnes per year. Roughly 350 acres will be earmarked for commercial activities, such as hotels, business centres, shopping and other conveniences. The country's first public-private partnership in airports is being implemented by the joint venture BIAL, which comprises majority private sector promoters Siemens, Unique Zurich Airport (17 per cent) and Larsen & Toubro Ltd (17 per cent); the Karnataka Government unit KSIIDC and the Central entity Airports Authority of India, which each hold 13 per cent equity each.
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