IL&FS arm eyes airport market

Mumbai: IL&FS Transportation Networks (ITNL) plans to intensify its public-private partnership model to target the airport development business in global markets.
The firm recently signed a memorandum of understanding (MoU) with the Airports Authority of India (AAI) for usage of its technical expertise in setting up airports outside India.
“Although we participated in the development bids in Mexico and the Philippines, we could not bag the projects. We are now looking at some other projects internationally,” K Ramchand, managing director, IL&FS Transportation told Financial Chronicle. This will help the firm easily fulfil the technical qualification requirements normally set for consortiums bidding for such critical infrastructure.
The initial cost of development for airports outside India may be $200 million (Rs 960 crore).
The company could not participate in the first round of bidding for Bangalore, Delhi and Hyderabad airports in India, as it was advising the AAI on bidding issues.
However, “now we would like to participate in any new airport that may come up for development in India,” said Ramchand.
22/12/09 Vikas Srivastav/mydigitalfc.com

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Categories: Airports Dec 2009, New Dec 2009