Wednesday, April 7, 2010

NEWS TAV partners with AdP as Maldives tender reaches key stage

MALDIVES. TAV Airports Holding and Aéroports de Paris Management have teamed up to bid for a controlling stake in Maldives Airport Company Limited (MACL), which manages Malé International Airport. The move to privatise the state airports group has reached a key stage, with the government recently issuing Request for Proposal documents.

Six consortia pre-qualified for the bid in January, with a strong presence from India’s powerful aviation groups. The short-listed names include GMR Infrastructure Ltd, Zürich Airport in partnership with GVK Airport Developers Limited, Reliance Airport Developers Private Limited (another Indian company) with Mexican group Aeropuertos Y Servicios Auxilliares, SNC Lavalin International with Vienna Airport, as well as Turkey’s leading airports group TAV along with AdP.

In October 2009 the government launched the process to sell a majority stake in the airport company, to fund the expansion and development of Malé International. MACL will also be restructured so that the privatised company is not responsible for air traffic and security services, as it is currently.

The government has employed the services of the International Finance Corporation, a member of the World Bank Group which advises on infrastructure projects, to help it find an investor.


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