Gammon to develop airport in Africa

Mumbai: Airport development is big business not only in India but also in other parts of the world.
With delays in bidding process for airport projects in India, domestic companies are chasing opportunities abroad.
After GMR bagged the Istanbul airport project, it is Gammon Infrastructure that is all set to grab mega airport project in Africa.
Gammon will be holding 26 per cent equity in African airport project in a consortium with other international players including an airport operator. The project size is estimated at Rs 3,000 crore.
Internationally, there are many international airport development projects coming up for bidding including the ones in Europe besides Africa.
Not only Gammon, other Indian companies like GMR and GVK are also lining up to bid for them. 28/09/07 Rumi Dutta Hardasmalani/NDTV.com

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

Categories: Airports Sep 2007, Foreign Sep 2007, New Sep 2007