Tuesday, February 05, 2008

GVK Power plans to bid for overseas airports

Mumbai: Close on the heels of Bangalore-based infrastructure developer GMR Infrastructure Ltd winning airport modernization business contract overseas, its competitor GVK Power and Infrastructure Ltd is planning to bid for similar airport projects in Europe and America.
Hyderabad-based GVK Power, which currently runs Mumbai’s Chhatrapati Shivaji International Airport, is actively looking at more than two airport upgrade and modernization projects abroad, people familiar with the development said.
Meanwhile, Cochin International Airport Ltd (Cial), the company that built the new international airport in Kochi, India’s first to be built by a private sector firm, is also looking at exploring the possibilities of building airports in Sri Lanka, Ghana, Angola and Papua New Guinea.
A senior GVK Power executive, who did not want to be named, declined to disclose the names of airports that are under the group’s radar, citing business confidentiality reasons.
05/02/08 P.R.Sanjai/Livemint
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