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Thursday, August 7, 2008

GMR Becoming a “global airport company”

The “airport” company of India is making big news once again, in the international arena. GMR Infra which was successful in winning the bid for building Turkey’s airport is now expanding its horizons far and wide. Russia, which is privatizing its airports, has invited bids for modernizing the third largest airport in Russia – the Pulkovo airport. GMR Infra has been identified as an eligible bidder and the second round of bidding is scheduled to open soon. It is currently in the process of doing a due diligence and if it finds the project viable, it is expected to take the final call soon.

Becoming a “global airport company”


If GMR Infra manages to win this bid, it will open a big door of opportunity. This airport is based in St.Petersburg and reportedly, one of the biggest aviation enterprises in Russia. As per the plans, it is to have two terminals, Pulkovo-1 and Pulkovo-2. This will be a great opportunity for GMR to showcase its abilities. And if GMR wins this bid, it will mean that other European countries which are also in the process of initiating their airport modernizations, will look at GMR as one of the best options available. The winning of this bid for the Russian airport would make GMR known globally as the “Indian airport company”! Fingers crossed!
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