Legal firm Pinsent Masons has advised Delhi International Airport (DIAL) on the development of the city’s international airport. Lawyers based at the firm’s Dubai joint venture, Masons Galadari, led the transaction, working with DIAL’s lawyers in India and assisted by Pinsent Masons lawyers in Hong Kong and London.
Development of the airport, which is projected to cost US $1.2 billion (INR53.4 billion), is a key part of the Indian city’s preparations for the 2010 Commonwealth Games. Plans for the airport include construction of a new runway and a 1.4 million m2 terminal building with capacity for 37 million passengers per year.
The Pinsent Masons team working with DIAL was led by partner Martin Harman and senior associate Sachin Kerur. “This project is testament to our credentials as leading advisers on some of the world’s major transport infrastructure projects. It also demonstrates our ability to harness our global resources for the benefit of clients and to provide an international perspective to projects being procured on the sub-continent,” said Kerur.
The main EPC contract for the development has been awarded to Larsen & Toubro, a major Indian engineering and construction conglomerate. The company has worked on airport projects in Cyprus, the UK and Malaysia.For all the latest construction news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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