GMR eyes railway stations development

Mumbai: Infrastructure major GMR Group is looking at lucrative opportunities of developing railway stations in the country in the event of their being privatised, a senior company official said.
With the freight corridor (Delhi-Mumbai) now imminent, GMR scents an immense opportunity in this segment. "However, we need to have a clear framework ready before we can begin to move forward," GMR's CFO, Strategic Finance, Ashutosh Agarwala, said.
The group has emerged as a big player in the airport development space and is presently developing the Delhi and Hyderabad airports. The southern city's airport is expected to be up and running by March 16 while the new runway at the Delhi airport would be ready by June.
GMR has already expressed its intention to bid for the modernisation of Prague airport in East Europe when it comes up for a likely bidding by the middle of this year. The group has already spread its wings overseas by winning the bid for the modernisation of Turkey's Sabiha Gocken airport recently.
03/02/08 PTI/The Hindu

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Categories: airports Feb 2008, New Feb 2008