Categoría: Privatizaciones de aeropuertos

Publicado el

Ferrovial puja por el aeropuerto de Mumbai y compite con PSP y Adia

Ferrovial competirá con el fondo de pensiones canadiense PSP y el fondo soberano de Abu Dhabi Adia para comprar GVK Airport Developers, accionista de control del Aeropuerto Internacional de Mumbai, en India, y del Aeropuerto de Navi, hoy en construcción. El grupo español ya ha presentado una oferta no vinculante, según informan a elEconomista fuentes financieras. La operación, de resultar exitosa, supondría el desembarco de la división aeroportuaria del grupo que dirigen Rafael del Pino e Íñigo Meirás en el país asiático, donde ya ha tenido presencia a través de su filial de construcción de infraestructuras de agua Cadagua.

GVK Airport Developers, propiedad del gigante indio GVK, ostenta el 50,5% del capital del Aeropuerto de Mumbai, el segundo más grande del país. No obstante, la sociedad ha ejercido su derecho preferente y acaba de adquirir una participación adicional del 13,5% a la sudafricana Bidvest por unos 175 millones de dólares (154 millones de euros). Adicionalmente, podría hacer lo propio con el 10% que tiene en venta ACSA (Compañía de Aeropuertos de Sudáfrica), según refleja la prensa local. De ejercitarlo, alcanzaría el 74% de la infraestructura -el 26% restante está controlado por la Autoridad de Aeropuertos de India (AAI)-.

GVK, por tanto, aún podría permanecer en el capital del Aeropuerto de Mumbai o, por el contrario, desprenderse de toda su participación, lo que elevaría el precio de la operación. En todo caso, la firma india, que quiere desinvertir para reducir su deuda, aún no ha revelado qué participación venderá. Al precio al que ha adquirido el 13,5% de Bidvest, el 100 por cien del Aeropuerto de Mumbai -y del futuro de Navi- ascendería a 1.296 millones de dólares (1.138 millones de euros). El 50,5% por el que han oferta Ferrovial, PSP y Adia alcanzaría los 654 millones de euros.

Ferrovial participa en la actualidad en cuatro aeropuertos en Reino Unido: Heathrow, Aberdeen, Glasgow y Southampton. El grupo español tiene interés en crecer en este segmento y ha colocado en el punto de mira India, donde hay varios procesos abiertos de privatizaciones. Además, del país asiático, la multinacional española está muy atenta a la evolución de los distintos procesos que pueden tener lugar en Estados Unidos. Entre ellos destaca el del Aeropuerto Internacional San Luis-Lambert. De igual modo, analizará las concesiones de varios aeropuertos en Lituania y está a la espera de conocer más detalles sobre la posible venta por parte del Gobierno francés del operador galo ADP, que entre otros activos opera el Charles de Gaulle, en París.

Fuente: El Economista

Publicado el

Privatizing Canadian airports: a bad idea (The Centre for Productivity and Prosperity – Walter J. Somers Foundation):

The Trudeau government has been considering privatizing the eight largest airports in the national network since a report was tabled on the future of transportation in Canada, but the idea has not received unanimous approval. While it is certainly attractive in terms of public finances, the prospect has been strongly criticized by different stakeholders, from airlines worried about seeing user fees increase to certain airport authorities who see no benefits for the country. The Centre for Productivity and Prosperity – Walter J. Somers Foundation, wishing to shed more light on this question, has now released a study on the potential impact of this change for Canada. The Centre unhesitatingly concludes that privatizing Canadian airports would not lead to any significant productivity gains.

A broadening trend
According to Jacques Roy, a Professor at HEC Montréal and the author of the study, privatizing airports is an increasingly popular phenomenon, making it easier to understand the issues and assess the benefits and drawbacks in terms of efficiency and productivity. «In 2016, 41% of European airports were owned entirely or in part by private interests, as opposed to just 22% in 2010,» the expert explains.

By analyzing the impact of different governance models at airports around the world, he found that privatization does not guarantee more efficient and effective management. «Based on data from the Air Transport Research Society, which compares the performance of 206 airports and 24 airport groups, we can see that public-sector airports have productivity indicators comparable with those of airports owned entirely or in part by private interests,» he notes. «Looking at these results, it’s hard to claim that private-sector governance would help boost productivity, especially since it is often the best-performing airports that get privatized.»

Canadian performance
In fact, some results seem to show that Canada has made the right choices. «Its largest airports have invested close to $20 billion over the past 20 years to improve their infrastructure, under relatively advantageous credit conditions. It’s not clear that private, for-profit airports would have done better – in fact, the opposite is possible,» Roy maintains.

«Airports are strategic infrastructures for a country the size of Canada, and I feel that it would be preferable for the federal government to remain the owner,» the author concludes. «This consideration should not justify the status quo, however. In the short term, it would be a good idea to review regulatory and monitoring mechanisms to ensure that Canadian airports remain functional and competitive, with respect for the interests of users and communities. In my opinion, Australia has an interesting model, as its largest airports are overseen by an organization that monitors prices and service levels.»

Source: Newswires.ca

Publicado el

India: Adani wins bids to operate 5 AAI airports

AAI official have revealed that bids put by Adani group were «very aggressive» as compared to other bidders.

he ports-to-edible oil Adani Group has emerged the winner in the privatisation of five out of six airports put up by the government, outbidding a slew of national and international competitors including GMR, AMP Capital and the National Investment and Infrastructure Fund (NIIF).

The Ahmedabad-based group won the right to upgrade and operate the airports of Lucknow, Jaipur, Thiruvananthapuram, Mangaluru and Ahmedabad by mounting aggressive bids which offered a higher payment for passenger fee to the Airports Authority of India (AAI). The Adani Group will get to manage these airports for 50 years if its offers are approved by the government.

Adani Enterprises emerged the highest bidder on the basis of share of revenue offered per passenger. Bids were also received from established players such as GMR Airports, Autostrade Indian Infrastructure Development Pvt Ltd, PNC Infratech Ltd, NIIF & Zurich Airport International AG, AMP Capital, I-Investment Ltd, KSIDC and Cochin International Airport.

Keeping Airport Charges Low
The revenue per passenger model is different from the revenue share model, which had led to spike in airport charges at airports like Delhi and Mumbai. The government expects this model to keep airport charges under control.

Source: The Economic Times. India.

Publicado el

Bacolod-Silay Airport privatization underway?

Is the privatization of the Bacolod-Silay Airport underway?

This came following the reports that Davao-based businessman Dennis Uy has submitted an unsolicited proposal to take over the Bacolod-Silay Airport, which is also being contested by a foreign company.

Reports have it that Udenna Infrastructure Corporation’s unsolicited proposal is for the expansion, augmentation, operations, and maintenance of Bacolod-Silay Airport which has been submitted to the Civil Aviation Authority of the Philippines (Caap).

Another unsolicited proposal according to a SunStar Bacolod source is from Canada’s Airtrav Inc.

Both unsolicited proposals were submitted to Caap last December.

The Bacolod-Silay Airport was one of the five regional airports under a bundled public-private partnership structure prior to a policy shift from the Department of Transportation.

When reached for comment, Bacolod City Representative Greg Gasataya said this is the first time he heard such development about the airport.

“I will look into the matter first if it’s a joint venture or the airport will be privatized,” he said.

He said that the airport terminal at this point needs rehabilitation and expansion including the repairs of comfort rooms, air-conditioning system, and additional x-ray machines.

However, such expansion project would affect the terminal fees, which must also be considered, he said.

“We have to clarify first if it’s a joint venture or privatization and how much will it cost the government or how long the contract would be,” Gasataya pointed out.

He also recalled that during the Speakership of Davao Del Norte Representative Pantaleon Alvarez, the Committee on Transportation has already planned a package for the Bacolod-Silay Airport but it did not push through.

Source: Sun Star. Philippines