Anil to invest in airports

Mumbai: Anil Ambani intends to invest in airports — and he isn’t fazed by the loss of the Mumbai and Delhi airports in a bidding war three years ago.
“We will keenly pursue the upcoming projects for international airports at Navi Mumbai, Pune and Goa,” Ambani told shareholders of Reliance Infrastructure here today.
He said the government wanted to modernise 35 non-metro airports, and it had opted for a public-private participation model for the purpose.
“Taking air travel to India’s remoter regions and rural hinterland will throw up the next big opportunity for growth in the aviation sector,” he said.
In 2006, Ambani was a serious contender for the modernisation of both the Delhi and Mumbai airports. He, however, lost out in the race to two consortia led by GMR and GVK, respectively.
The younger Ambani, however, sees good potential in the sector as there has been a sharp growth in air traffic in India in the past few years, and existing infrastructure at most airports is inadequate to deal with the surge in traffic.
21/07/09 The Telegraph

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Categories: Airports Jul 2009, New Jul 2009