"We have decided to bid for the upgradation of Mumbai airport despite its constraints. We would be pumping in 74 per cent of the project cost and remaining 26 per cent would be funded by the Airports Authority of India," Ulrich Stucke, managing director of Hochtief Airport GmbH told PTI.
Major chunk of the 74 per cent stake would be funded by the consortia partners and if necessary the balance money would be raised from the open market, he said.
Stucke pointed out that his company had vast experience in upgrading major international airports at Athens and Dusseldorf which together handle a whopping 27 million passengers annually.
"Moreover we have the experience in configuration of runways and would employ our expertise in developing the terminals," he said.
However, the Hochtief GmbH chief was unhappy on the encroachments on the airport land and said this could be an irritant in the process. "But we are confident that we would find an acceptable solution to the problem."
Stucke, however, did not specify the revenue-sharing model for his company or that how would the company earn its money once the airport was completed. "We have not really worked out that. Let us get shortlisted and then things would fall in place," he said.
