MUMBAI (Reuters) - GMR Infrastructure Ltd said on Thursday its consortium with Malaysia Airports Holdings has won a bid to build, operate, modernise and expand Male International airport in Maldives.
It did not disclose the size of the bid but television channel ET NOW reported total capex for the airport was pegged at $500 million.
A company spokesman, when contacted by Reuters, declined to divulge the size of the deal.
GMR consortium would operate the airport for the next 25 years, it said in a statement to the stock exchanges.
France's Aeroport De Paris-Turkey's TAV consortium and Zurich Airport-GVK consortium were the other two bidders.
This is the second airport that the Bangalore-based GMR has won in Maldives, taking its total airport projects tally to five, it said.
GMR Infrastructure leads a consortium that is rebuilding the New Delhi airport, developing the international airport at Hyderabad in southern India, and also holds a 40 percent stake at one of the two airports at Istanbul in Turkey.
GMR builds and manages airports, roads and power plants in India. Its operations outside India include power plants in Europe, Mexico, Australia and Turkey.
Ahead of the announcement, shares in the company ended up 0.26 percent at 56.85 rupees in a weak Mumbai market.
(Reporting by Swati Pandey and Prashant Mehra; Editing by Harish Nambiar)
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