Gammon India and Macquarie form alliance for Chennai airport project

21 May 2007

1
Mumbai: Gammon India Ltd has announced that Gammon Infrastructure Projects Ltd (Gammon), a subsidiary of the company and Macquarie, a global leader in infrastructure acquisition, funding and management, have formed an exclusive alliance to bid for the grant of rights for the development, operation and management of Chennai airport, which is the next project in the country's airport sector that is expected to open up for privatization.

According to a memorandum of understanding (MoU) signed recently, Macquarie and Gammon will  hold equal equity stakes in the project. The consortium may also look to tie up with a leading airport operator.

Gammon India Limited is one of the leading construction companies in India today. It is also the only Indian construction company to have been accredited with ISO 9001 certification for all fields of civil engineering works including design.

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