L&T eyes $4b biz from Abu Dhabi new airport

Mumbai: Larsen & Toubro (L&T) is eyeing up to $4 billion (Rs 21,553 crore) worth of contracts in the Emirate of Abu Dhabi when bids for the construction of the new Abu Dhabi airport are opened at the end of this month. This can come as a welcome boost for the company, which has been staring at a huge order slowdown in India due to lack of policy initiatives at the government level.
L&T along with its consortium partners bid for the $12 billion project in November in an internationally competitive bidding. L&T would be the leader of the consortium, as in the previous bidding for the Al-Salalah airport in Oman.
The Abu Dhabi International airport is coming up as part of $1 trillion infrastructure investment plan-ned by the Abu Dhabi government.
19/12/11 Vikas Srivastav/mydigitalfc.com

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Categories: airports Dec 2011, Foreign Dec 2011