GMR Infrastructure bids for modernising three airports in Brazil

Hyderabad/Bangalore: GMR Infrastructure has bid for modernising three airports in Brazil after the government called for tenders to upgrade the airports ahead of the Soccer World Cup in 2014, a senior GMR official, who did not want to be named, told ET.
The decision to bid for new projects comes after the infrastructure firm abandoned two other aerodrome privatisation projects in Spain and Croatia to avoid confrontation with the contagious Euro zone crisis.
If GMR wins the bid, it will renovate airports at the capital city Brasilia, industrial hub Rio De Janerio and Sao Paulo, the country's largest city.
While a GMR spokesperson refused to offer an official comment on the development, the official quoted above said it was too premature to talk on the progress of the tender. Other bidders for Brazil's airports include Turkey-based TAV Construction that has undertaken construction of the Abu Dhabi international airport and France-based ADP, said the official.
The project bids are to be finalised by January next year. To fast-track private airport upgrade projects, Brazil has decided to grant licences to build new terminals and new airports.
A successful bid to re-build airports would signal the GMR's maiden projects in the South-American continent.
Globally, the GMR has modernised and is operating the Istanbul airport and also modernised the airport in Male. In India, GMR operates the Delhi and Hyderabad airports.
13/12/11 Deepika Amirapu & Chandra Ranganathan/Economic Times

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Categories: airports Dec 2011, Foreign Dec 2011, New Dec 2011