GMR to bid for airport projects in East Europe

New Delhi: After winning the contract for modernising Sabiha Gokcen International Airport (SGA) at Istanbul in Turkey, the Hyderabad-based GMR Group is now planning to bid for airport projects in Belgium, Portugal and other east European countries.
The company would bid for these projects either with private equity firms or local real estate developers. “GMR group companies are studying the various infrastructural projects in the region. We are in the process of identifying the right projects,” a source told ET.
As GMR has already made its presence felt in Europe by bagging the Istanbul airport contract, it is now looking at nearby countries. These countries are expected to open airport operations for private players shortly.
It would, however, be very careful in choosing its bidding partner. Interestingly, GMR and Fraport are both part of the consortium that is developing the Delhi airport, bid for the Istanbul project separately.
26/10/07 Nirbhay Kumar & Subhash Narayan/Economic Times

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Categories: Airports Oct 2007, Foreign Oct 2007, New Oct 2007