Essel Infra Links With US-based Developer

The Essel group, with the TAV group, had unsuccessfully bid to run the privatised Mumbai airport in 2005

The Subhash Chandra-led Essel Infraprojects, reiterating its interest in the upcoming Navi Mumbai and Goa airports, has tied up with ADC & HAS Airports Worldwide, the US-based company that runs airports in Ecuador, Costa Rica and Korea. It is a joint venture of Houston Airport System, Airport Development of Canada and Omers, a Canadian pension fund.

The Essel group, with the TAV group, had unsuccessfully bid to run the privatised Mumbai airport in 2005. 

Jorge Roberts, ADC & HAS Airports Worldwide's director (project development) said India remained an attractive investment destination, despite the delays and regulatory problems. “We are patient. We are long-term investors,” he said.

For complete story visit:  Business Standard

<--Back to In the News