IVRCL to bid for non-metro airports

Hyderabad: Hyderabad-based IVRCL Infrastructure and Projects Ltd is looking to bid for airport development projects in small cities and towns, joining a growing list of firms wanting to tap the aviation boom in the country.
The company has already made a beginning with a bid to develop the Amritsar airport.
Confirming the news, E. Sudhir Reddy, chairman and managing director, IVRCL, said the company had “partnered with a Spanish airport development” firm for the purpose, but declined to name it.
IVRCL isn’t keen on being the developer for all such projects, Reddy said, adding, “we are not necessarily interested in owning airport assets. We are keen on bidding for the airport projects as building contracts. We will bid for those projects where the size of the contract is attractive. The contract sizes of passenger terminals at Chennai and Kolkata are above Rs1,000 crore.” The company is evaluating other non-metro projects.
IVRCL has built the passenger terminals at the existing airports at Hyderabad and Bangalore in the past decade (new airports in both cities are due to open shortly).
The company has also bid to build new passenger terminals at the Chennai and Kolkata airports, said Reddy.
29/01/08 C.R. Sukumar/Livemint

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Categories: Airports Jan 2008, Merchant Airports Jan 2008, New Jan 2008