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Indian Group GMR, expresses interest for the privatization of 23 Greek Regional Airports

Νίκος Καραγιάννης

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GMR-Mitsotakis

One of the biggest infrastructure companies in India, GMR, was present at the 84th International Trade Fair of Thessaloniki. According to sources from the big company, they have showed their interest to participate in the privatization of the 23 Greek Regional Airports  which remain public.

According to ypodomes sources, delegation from GMR, visited the Minister of Infrastructure and Transport, Mr. Kostas Karamanlis, about a month ago and expressed their interest about the 23 Regional Airports. That certainly shows the possibilities these airports would have, under a management like Fraport Greece, who runs 14 Regional Airports in Greece.

GMR-Mitsotakis

It is also worth to mention that the Indian company in a joint venture with one of the biggest infrastructure groups of Greece, GEK-TERNA, won the concession for the new International Airport in Kasteli, Crete, the contract of which has been signed, earlier this year. Also, together they were participated at the tender for the concession of the International Airport of Belgrade.

On Saturday, the Prime Minister, Kyriakos Mitsotakis, opened the Indian Pavilion at Thessaloniki International Fair along with the Minister of State of Civil Aviation of India, Hardeep Singh Puri. The Prime Minister hailed the importance of relation between Greece and India and especially took note of recent investment by Indian conglomerate GMR Group at New Herakleion Airport.

GMR-Mitsotakis

On the sidelines of the event, during the meeting with Mr. Srinivas Bommidala – Business Chairman of GMR Group, the Prime Minister said «New Heraklion Airport is of great importance to my Government and I`m happy to witness a successful joint venture between Indian and Greek company to build the new airport in Kasteli, Crete, which has the potential to change the aviation landscape of country».

GMR-Mitsotakis

Later in the day, the Deputy Minister of Transport, Ioannis Kefalogiannis, also visited the Indian pavilion and stressed the need to develop transport infrastructure in country and the importance of Indian companies experience in developing similar infrastructure.\

GMR-Kefalogiannis

It is also learnt that, (emphasizing the need of strong aviation ecosystem in Greece), Greek officials took note of the vast experience which GMR brings in aviation sector and praised the new age design of the various airports developed by them across the globe. They expressed desire to develop New Heraklion Airport design on similar standards of world class.

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News in English

Master Plan for Athens International Airport, approved

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Διεθνής Αερολιμένας Αθηνών

The master plan for the long-awaited expansion of Athens International Airport «El. Venizelos» has been approved, according to infrormation of ypodomes.com. This is the first major step for the launch of a project that it is said to reach a budget of 700m euros. The expansion project of AIA will definitely be another major airport project, after those of the 14 regional airports of Fraport Greece and the new airport to be constructed in Kastelli, Crete by TERNA.

More specifically,  the approval has been granted for:

A. The modification of the spatial planning for the construction of a new aiport apron, a new general aviation track and a new building to host and support ground services;

B. The study of the construction of a new taxi rank, northwest of the commercial park.

The new terminal will include several new gates equipped with jetways, ramps, new VIP and lounge areas, shopping and dining areas, etc.

With the above projects an area of 100,000 sq.m. will be added to the facilities of the airport, part of which is the expansion of the satellite station. The goal is for Athens International Airport to be able to handle 30m passengers per year, with a long-term goal to achieve a capacity of 50m passengers per year, by 2040.

Athens Airport has recorded impressive passenger traffic over the past six years, with multiple records mainly due to international flights. For 2019, the annual traffic figures reached 25.5m passengers.

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Bombardier and Alstom believed to be in merger talks

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Εργοστάσιο Alstom

Exploratory discussions are believed to be underway regarding a proposed merger between Bombardier Transportation and Alstom according to a report by Bloomberg on January 21.

Shares in both companies rose on January 22 following the news. Alstom’s share price soared to a 52-week high of €46.42, while Bombardier’s share price reached a peak of $C 1.44 ($US 1.09) before dropping back to close at $C 1.28. However, this represents a small recovery for Bombardier which saw its share price plummet from $C1.79 on January 15 to a low of $C 1.12 on January 17 following its announcement of worse than expected financial performance on January 16.

Bombardier, which is headquartered in Montreal, has gone through a period of restructuring during the last few years, mainly due to problems with its aircraft business. This resulted in it divesting a large part of the aircraft business and selling a 30% stake in its Bombardier Transportation rail division to Caisse de Depot et Placement du Quebec (CDPQ) for $C 1.5bn. The deal was approved by the European Commission (EC) in February 2016.

In 2017, Bombardier started talks with Siemens regarding a possible merger with Siemens Mobility. However, Siemens broke off the talks in order to launch merger discussions with Alstom. Despite reaching agreement in 2018, the Siemens and Alstom merger was quashed by the EC on February 6 2019 on the grounds that the two companies had failed to address its concerns over the potential impact of the deal on competition in the signalling and high-speed rolling stock markets.

It is difficult to see how a merger between Bombardier Transportation, which is headquartered in Berlin, and Paris-based Alstom would succeed when both companies are in the high-speed rail and signalling markets, let alone the commuter train, metro train and light rail markets where they are strong players.

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News in English

Bombardier extends London Overground maintenance contract

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Συρμοί Μετρό Λονδίνου

Bombardier has agreed a 10-year extension of its contract with Transport for London (TfL) to maintain the fleet of 54 class 710 Aventra EMUs, which was due to expire in July 2025, to July 2035.

The extended contract is worth an additional £185m.

Maintenance will continue to take place at Bombardier’s Willesden Train Care Depot in North London. The fleet is in daily service on the Gospel Oak – Barking and Watford – London Euston routes.

The contract extension was agreed with TfL on December 18 and announced on January 17.

Source: railjournal.com

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