Business - Briefly   

GMR consortium bags Istanbul project

NEW DELHI: A consortium led by GMR Infrastructure has bagged a Rs. 11,000-crore (two-billion-euro) project to modernise the Istanbul’s second airport — Sabiha Gokeen International Airport. “We have to pay a licence fee of 1.93 billion euros ($2.57 billion) and we will invest 400 million euros in the beginning as part of the project cost,” GMR CFO Madhu Terdal told PTI.

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

Apollo Tyres, GAIL sign pact
SEBI simplifies listing norms
Kids Media to merchandise Japanese cartoon products
REL plans Rs. 60,000 cr. investment
Gas cos. seek market price
Automating physical security aspects
Rediff launches content sharing platform
Rupee hits new high
Profit taking wipes off early gains
Returns through tax preparers
Govt. seeks break-up of ATF pricing
GMR consortium bags Istanbul project
IFC to invest in Max Healthcare
New health covers from United India
Vijay Shanthi Builders’ Q1 profit up
Zicom to transfer retail business to its arm

Copyright © 2007, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu