GMR Infrastructure has withdrawn its bid to modernise and expand an airport in Croatia, but is preparing to bid on similar projects in Brazil, a company official said.
"Croatia, we evaluated, then we decided not to go ahead. Looking at the project's economics, they were not working out," the official, who declined to be identified, told Reuters.
GMR, which built and operates Istanbul airport in Turkey and is building an airport in Male, Maldives, said in August it had qualified to bid on the Zagreb Airport project.
The Brazilian government plans to modernise and expand Sao Paulo's Guarulhos airport, Viracopos airport near Sao Paulo,
The deadline for the bids is February 2, he added.
GMR is in discussions with construction and infrastructure firms in Brazil but has yet to decide on a possible joint bid, the official said.
24/01/12 Reuters India
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