ADAG eyes Prague airport upgrade

New Delhi: After losing out to Bangalore-based GMR group for the controversial Delhi airport modernisation contract, Anil Dhirubhai Ambani group (ADAG) is now set to battle it in Prague, the capital of the Czech Republic, for which bids are shortly to be invited.
Late last week, ADAG company Reliance Airport Developers Private Limited submitted an expression of interest to the Prague airport authorities.
Sources said the ADAG company is willing to take a 100 per cent stake in the airport or a strategic stake if the airport authority does not sell its entire shareholding.
Significantly, GMR has shown interest in bidding for the same project.
Hyderabad-based GVK, which is modernising the Mumbai airport, and Ruia-promoted Essar Techniques are reportedly the other prospective bidders.
06/05/08 Anirban Chowdhury/Business Standard

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Categories: Airports May 2008, Foreign May 2008, New May 2008