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January 13, 2014

$2B airport in Mumbai next to vast shantytown

  • One analyst says the project is a microcosm of every challenge facing development in India.
  • MUMBAI, India (AP) — India's overcrowded financial capital unveiled its long-awaited $2 billion new airport terminal last week, an ambitious, art-filled space that developers hope will be a showcase success in a country struggling to modernize inadequate infrastructure that is holding back economic growth.

    Hemmed in by Mumbai's sprawling slums, the renovated Chhatrapati Shivaji International Airport was delayed for nearly two years and overran its construction budget by 25 percent. The project was dogged by political disputes, regulatory snarls and difficulty reclaiming more than 300 acres (120 hectares) of airport land near the runway occupied by tens of thousands of squatters.


     
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