Mumbai opened an impressive new airport terminal two weeks ago and I had a chance to sample it just a day after it opened. An otherwise exhausting 9 hour layover there was made rather pleasant thanks to the brightly-lit terminal, colourful and comfortable chairs, and decent shopping (although many of the shops are yet to open).
The new terminal ‘T2’ is the result of a public private partnership between Airport Authority of India and a consortium led by Hyderabad-based infrastructure firm GVK Industries. Much of India’s new infrastructure has been under similar PPP structures – a good way of bridging infrastructure gaps without letting government financing constraints and delays get in the way and avoiding a financing burden on public coffers. Despite this, India has been struggling to increase private participation in infrastructure to the desired levels and has been mooting sovereign infrastructure bonds to raise the large volumes of capital required.