Changi, Tata bid to manage Indian airports

Mumabi: Singapore's Changi Airports International and the Tata Group have jointly bid to develop three airports in India, where the Government is spending US$10 billion (US$1 = RM3.46) to upgrade airport facilities.
The two companies have bid to manage airports in the cities of Shimoga, Gulbarga and Bijapur in Karnataka state in southern India, Ng Tim Peng, a regional vice president of Changi Airports said in Mumbai yesterday.
The bid was submitted last month on the request of the state government, he said.
The bid extends a February agreement between the two partners to invest in and manage two of India's largest airports. The tie-up with Tata Group is Singapore's second attempt to invest in Indian airports after it pulled out of bidding for the New Delhi airfield in 2005.
India's federal government is selling stakes in its biggest air fields to help pay for US$10 billion in investments over seven years as increasing traffic in the world's second-most populous nation strains the existing facilities.
Changi Airports is wholly owned by the Civil Aviation Authority of Singapore, which operates Asia's fifth-busiest airfield in the city state.
12/06/07 Bloomberg/Business Times - Malaysia, Malaysia

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Categories: Airports Jun 2007, Foreign Jun 2007, New Jun 2007