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INDIA'S GMR SET TO WIN DELHI AIRPORT CONTRACT, GVK TO GET MUMBAI.

AsiaPulse News

| February 01, 2006 | COPYRIGHT 2006 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

NEW DELHI, Feb 1 Asia Pulse - Two South India-based industrial groups GMR (BSE:500162) and Reddy's GVK are all set to get the contracts for modernisation of Delhi and Mumbai airports respectively.

Even though GMR-Fraport was the second highest financial bidder for the modernisation of the two metro airports, with an investment of about Rs 54 billion (US$1.2 billion), it is going to opt for Delhi by matching the top bidder, Reliance-ASA in terms of revenue share to government, sources said.

GMR-Fraport was given the option to match the top bidder at either of the airport, as it ...

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Source: HighBeam Research, INDIA'S GMR SET TO WIN DELHI AIRPORT CONTRACT, GVK TO GET MUMBAI.

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