Fraport looks for new tie-ups in India

Frankfurt: Fraport is looking to strike multiple partnerships in India with a minimum of 26% equity stake in every future airport project in the country. Fraport, which is a Frankfurt-based international airport operator, has 10% stake in the GMR-led consortium involved in the modernisation of the international airport in Delhi.
This apart, Fraport has also signed a separate agreement of partnership for airport development projects with real estate group DLF. While the agreement with DLF involves exclusivity rights for projects in particular geographies within India, Fraport is open to tie-ups with different players in other regions.
While declining to give details of the projects wherein Fraport is looking to bid, Klaus Jeschke, who is part of the India management team for Fraport, indicated that Goa and Gujarat are on Fraport’s radar.
The $2.14-billion Fraport has identified India, China and the Middle East as key focus areas for international airport projects in the near future.
09/10/07 Vivek Sinha/Economic Times

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Categories: Airports Oct 2007, Foreign Oct 2007