Lanco in tie-up talks with global operator for non-metro airports

Hyderabad: Integrated infrastructure developer Lanco Infratech Ltd, a company with interests in power and construction, is in talks with an international airport operator to be a partner as it bids for new airport contracts in small Indian towns.
Lanco group chairman L. Madhusudhan Rao declined to name the global airport operator. Lanco, with Rs1,647 crore in revenues last fiscal year, had in the past held talks with Houston Airport Systems, the fourth largest airport operator in the US, to be a partner, but did not conclude a deal, said Sanjay Diwakar Joshi, executive director at Lanco.
In August, Lanco, based in Hyderabad, won a Rs83 crore bid to modernize the airport at Varanasi in Uttar Pradesh.
Lanco has submitted pre-qualification bids for a Maharashtra tender to convert airstrips in six smaller cities into airports. These airstrips include Nanded, Osmanabad, Latur, Yavatmal, Baramati and Jalgaon. Once the firms are selected, a request for proposal tender would be floated in January, and contracts expected to be awarded by June.
These airports would be initially used as a maintenance and parking facility to run aviation academies and eventually be turned into commercial airports.
26/12/07 C.R. Sukumar/Livemint

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Categories: Airports Dec 2007, Foreign Dec 2007, Merchant Airports Dec 2007, New Dec 2007