GMR to start Istanbul airport work by Dec

Mumbai: A GMR Infrastructure Ltd led consortium is expected to take operational control and begin work on the Sabiha Gokcen International airport in Istanbul, Turkey by early December this year, according to a senior company official.
Speaking to Thomson Financial News from the Southern Indian state of Hyderabad, the official said the signing process for the airport project was delayed because of the elections in Turkey.
The official said the new government will set up an empowered committee of ministers to formally ratify the project once they sort out the ministry formation process.
GMR Infrastructure expects the Turkish project to add to its revenues this financial year itself as the Sabiha airport is an existing profit making brown-field airport. The official clarified that the GMR consortium will manage only the Asian side of the airport.
23/08/07 Thomson Financial/AFX/Forbes, US

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

Categories: Airports Aug 2007, Foreign Aug 2007, New Aug 2007