|
Will manage
non-aeronautical commercial operations at Bali airport in Indonesia
|
Hyderabad-based GVK Power and
Infrastructure Limited on Thursday signed an operations and management contract
with the Airports Authority of Indonesia (Angkasa Pura Airports), the
Indonesian government airport operator.
The scope of the contract includes managing
non-aeronautical commercial operations at both the existing terminals and the
new international terminal of Indonesia's second busiest Bali (Denpasar)
international airport, which is currently under construction.
The
airport is expected to open in the third quarter of 2013 with a major
make-over.
“This
development is a true testament to GVK's established track record in the
operation and management of India’s leading airports in Mumbai and Bangalore.
We are committed to bring our expertise and experience in transforming the
Denpasar international airport as well,” GVK Power chairman, GVK Reddy, said in
a press release.
GVK
is also developing an international greenfield airport in Yogyakarta in central
Java in collaboration with the Indonesian government. This follows the MoU that
GVK had signed in January 2011 with the local government.
GVK's
two airports in Mumbai and Bangalore together handled passenger traffic of
about 44 million in 2011-12, making it the country’s largest airport operator
in the private sector.
GVK
Power’s scrip is currently trading at Rs 12.76 on the BSE, down-2.30%, over the
previous close of Rs 13.06.
http://business-standard.com/india/news/gvk-inks-pactindonesian-airports-authority/195086/on
No comments:
Post a Comment