Japan-Singapore consortium strikes agreement to manage Fukuoka Airport

Changi Airports International (CAI), the global investment arm of Changi Airport Group, will add Japan’s Fukuoka Airport to its airport portfolio next year.
CAI is part of the Fukuoka Airport HD Group, a consortium led by Fukuoka Airport Holdings, which yesterday entered into a Basic Agreement with Japan’s Ministry of Land, Infrastructure, Transport and Tourism to operate the gateway from April 1, 2019.
Other partners in the consortium include Nishi-Nippon Railroad, Mitsubishi Corporation and Kyushu Electric Power.

Duration: 30 years, maximum 35 years including possible extensions due to force majeure, etc.

Scope: Airport operation, air navigation facility operation, provision of environmental protection measures, building and parking facility operations, etc.

CAI as a 40% share in the consortium responsible for operating Rio de Janeiro’s Tom Jobim International Airport (Galeão).
In Russia, it has a 30% stake in Basel Aero, the management company trusted to develop the airports of Krasnodar, Sochi, Anapa and Gelendzhik in Krasnodar Krai. The other stakeholders in the joint venture are Russia’s Basic Element group and OJSC Sberbank.
Also in Russia, CAI has a 33.3% stake in the consortium responsible for operating Vladivostok International Airport. Investment partners Basic Element and the Russia Direct Investment Fund (RDIF) also have a 33.3% shareholding in the gateway.
Elsewhere CAI has a 36.7% holding in Bengal Aerotropolis Project Ltd, which is developing a greenfield airport and township in Durgapur in West Bengal, India.
CAI is also a key partner in a consortium that had signed a Framework Agreement with Myanmar’s Department of Civil Aviation designed to pave the way for the concession for Yangon’s new Hanthawaddy International Airport. The consortium comprises CAI (20%), JGC Corporation (55%) and Yongnam Holdings Limited (25%).

Source: The Business Time, Moodie Davidd Report, Airport World

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