T2 will not make Mumbai airport expensive: Sanjay Reddy

Mumbai: GVK group vice chairman Sanjay Reddy said the launch of new integrated terminal will not make flying out of Mumbai expensive.
"I don't think airport  will be expensive. It  will not be expensive for the kind of facilities and services which we will offer here," Reddy said in an interaction with this paper post the launch of T2 on Friday.
Mumbai International Airport Ltd has filed for a tariff revision for second. five year control period beginning April 2014. Airlines and aviation experts believe the new terminal will result in hiking of tariff and user development fees.

Expensive is a relative term and even sea link toll can also seem  expensive, he said.
Reddy, whose company runs both Mumbai and Bangalore airports is also looking to dilute stake in airport holding company. " A lot of companies have shown interest after seeing the Bangalore and Mumbai airport projects and we are hopeful we can complete stake sale in next few months," he said. The company is looking for an equity infusion of around Rs 2500 crore to retire its debt.
10/01/14 Aneesh Phadnis and Sanjay Jog/Business Standard