The City and Industrial Development Corporation (CIDCO) has invited financial bids for the proposed Navi Mumbai airport.
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A new global benchmark
The new Terminal 2 (T2) at Mumbai International Airport, an engineering marvel and an architectural icon, completed its construction confronting with a lot of challenges. GVK constructed the new T2 in the same location of the old international terminal without shutting down its operations.
The insurance industry is exploring take-out finance to fund infra projects
Both project and material risks are considered some of the highest in the infrastructure industries, yet infrastructure constitutes only 7 percent of the total general insurance.While the insurance firms in India cover most of the material risks,less tangible ones such as risks of overruns emerging from clearance delays are not insurable.