St. Petersburg authorities will announce today a list of bidders seeking to manage Pulkovo International Airport.
Photo: Sobalev Alexei
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Pulkovo Getting Ready for Takeoff
St. Petersburg authorities will announce today a list of bidders seeking to manage Pulkovo International Airport. The sources say consortiums of Basic Element and Changi Airport, VTB and Fraport, Leader Asset Management Co. and Vienna Airport Group, Renova and Hochtief, as well as the capital fund of Macquarie and Renaissance Capital will fight for this right.
July 31, 2008 is the last day to file bids to the tender for rebuilding and managing Pulkovo International Airport. St. Petersburg authorities haven’t disclosed the bidders but the sources say there will be five of them. Basic Element of Oleg Deripaska formed an alliance with Singapore’s Changi Airport, VTB allied with German Fraport Group, Leader Asset Management Co. closed the ranks with Vienna Airport Group, while Renova Project teamed up with German Hochtief. The fifth bidder is the capital fund of Renaissance Capital and Australian Macquarie. The deadline for applications is 11:00 a.m.
St. Petersburg declared the tender April 21, the preliminary selection will be made August 11 and the proposals could be submitted till February 5, 2009. The plans are to determine successful bidder March 12 and conclude a contract for 30 years with the optional prolongation.
The 2007 passenger traffic of Pulkovo Airport was 6.139 million (up 20.3 percent). The forecast of Strategic Investment Agency is that it will be roughly 10 million by 2015 and 22 million by 2025.
Given the strength of bidders, forecasting the winner isn’t easy. But of all Russia’s companies, only Basic Element and Renova have the experience of airport management and, therefore, could be regarded as having some advantage.
www.kommersant.com
All the Article in Russian as of July 31, 2008
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