the_380 Member
Joined: 19 Dec 2006 Posts: 2329 Location: Mumbai, India
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Posted: Fri Feb 23, 2007 1:54 am Post subject: Tata, Changi tie up for airport modernisation projects |
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Tata, Changi tie up for airport modernisation projects
NEW DELHI: Singapore's Changi Airports International (CAI) on Wednesday announced a strategic alliance with the Tata group to pursue airport projects in the Indian subcontinent and vie for the modernisation works of airports at Chennai and Kolkata.
The two sides have signed an MoU "to invest in, develop and manage Indian airports", a CAI spokesperson said from Singapore.
Following the MoU, the two groups would set up a joint venture company, in which Tatas would hold 51 per cent stake and CAI 49 per cent.
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