The Business Times
SUBSCRIBERS

Stalled Mumbai airport highlights India's infrastructure woes

Published Mon, Jul 7, 2014 · 10:00 PM
Share this article.

[NEW DELHI] India began planning a second airport for Mumbai when Bill Clinton was still US president. Seventeen years later, bidding on the project has yet to start.

A river still meanders across the marshy land where as many as 60 million passengers a year are supposed to fly in and out of India's main financial hub. The lack of progress on the project - in Navi Mumbai, or New Mumbai - illustrates the challenge Prime Minister Narendra Modi faces in fulfilling a campaign pledge to build more airports, roads and railroads.

A slow land-buying process, environmental objections and high borrowing costs are among the impediments in improving a national infrastructure whose quality was ranked below Guatemala and Namibia in a World Economic Forum survey.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Transport & Logistics

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here