History
The Kempegowda International Airport, Bengaluru (KIAB/ BLR Airport), named after
the founder of the City - Hiriya
Kempegowda, is the first Greenfield
Airport in India, established on a Public-Private Partnership (PPP) model.
This
heralded a revolution in Indian aviation, as more airports in the Country were privatised
thereafter.
In January 2001, Bangalore International Airport Limited (BIAL), formed under the
Companies Act, was incorporated
to build, own and operate KIAB for
a 30 years concession period. In 2020, the concession period was extended for
another
30 years, until 2068.
Private promoters hold a 74% stake (Fairfax India Holdings: 54% and Siemens Projects
Ventures: 20%) while
the Government (Karnataka State Industrial
& Infrastructure Development Corporation Limited: 13%, Airports
Authority
of India: 13%) holds the remaining 26%.
BLR Airport commenced operations on May 24, 2008 - 33 months from the start of construction.
The expansion
of the Terminal was completed in 2014 to cater to
the steady, unprecedented growth in passenger volumes.
Having served 10 million passengers in 2008, KIAB witnessed phenomenal growth, becoming
the fastest growing
Airport in the world in 2018. KIAB finished
the Calendar Year 2019 with 33.65 million passengers.
|