Cial has foreign airports on radar

New Delhi: Cochin International Airport Ltd (Cial), the company that built the new international airport at Kochi, India’s first to be built by a private sector firm, is looking to build airports in India and in other countries in an effort to tap growing demand for airline infrastructure in many parts of the world.
Cial plans to participate in the modernization programme of 35 non-metro airports in the country and also wants to build airports in Sri Lanka, Ghana, Angola and Papua New Guinea, according to S. Bharat, managing director, Cial.
Bharat added that Cial is in talks with an international finance company and a technical partner to promote a new company that will handle these projects.
“The government of Sri Lanka has invited us to study the possibilities of building an airport there. We have got offers from Ghana, Angola and Papua New Guinea. Cial’s team will shortly visit those countries,” he said.
Cial plans to take up overseas airport projects on a build-operate-transfer (BOT) or build-own-operate (BOO) basis.
He declined to name the international partners citing confidentiality agreements.
“We are also looking at bidding for the ongoing airport projects within India as we can make airports at lower cost,” Bharat added.
21/11/07 P.R. Sanjai/Livemint

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Categories: Airports Nov 2007, Foreign Nov 2007, New Nov 2007