Ansal in talks with US operator for joint bid to develop airports

Real estate developer Ansal API Ltd is joining the fray of developers bidding for airport management and modernization projects and is in talks with a US-based airport operator to jointly bid for projects in India.
While Ansal would manage the real estate, the airport operator would bring in its expertise in airport design and development. “We are working out a structure. It will be a marriage of that sort,” Ansal said.
Like other major real estate players, Ansal is also eyeing the proposed Greater Noida International airport project near Delhi in Uttar Pradesh.
The Greater Noida airport project has been revived recently after Mayawati came to power in Uttar Pradesh.
Apart from the Greater Noida project, Ansal will also look at other airport modernization and upgradation projects.
The other big projects that are likley to be opened up for bidding are the Navi Mumbai airport project and Chennai’s second airport project.
20/08/07 Shabana Hussain/Livemint

To Read the News in full at Source, Click the Headline

Categories: Airports Aug 2007, New Aug 2007