Indian firms in fray for Madinah airport project

Indian firms in fray for Madinah airport project
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First Published: Tue, Oct 05 2010. 01 48 PM IST
Updated: Tue, Oct 05 2010. 01 48 PM IST
By PTI
Dubai: Indian companies are among the contenders for a multi-billion dollar project for expansion of the Prince Muhammad bin Abdulaziz International Airport in Madinah, which has seen active interest from as many as eight multinational consortiums.
The companies bidding for the contract include multinationals from the US, Canada, France, Spain, Malaysia, India, Korea and Turkey, in addition to Arab companies from the UAE and Lebanon, a newspaper report said.
The expansion project will increase the airport’s capacity to 25 million passengers annually.
According to the Arab News report, the General Authority of Civil Aviation (GACA) has organised a meeting with the eight consortiums that have been pre-qualified to submit competitive bids to develop, finance and operate the airport under a long-term public-private sector partnership.
Without naming the companies involved, Ala Samman, the supervisor of the project, said the meeting was organised to answer the queries of companies bidding for the contract before they present their financial and technical offers.
GACA has appointed the International Finance Corporation of the World Bank as the project’s financial consultant.
Khaled Al-Khaibari, the spokesman of the authority, said the Prince Muhammad bin Abdulaziz Airport will be the first international airport in the Kingdom to be owned by the private sector.
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First Published: Tue, Oct 05 2010. 01 48 PM IST