CHICAGO and RICHMOND, B.C., Sept 30, 2008 /PRNewswire via COMTEX/ -- The Midway Investment and Development Corporation ("MIDCo"), comprised of Citi Infrastructure Investors, Vancouver Airport Services (YVRAS) and John Hancock Life Insurance Company today announced that it has won a US$2.521 billion, 99-year lease contract to operate and develop the first privatized major airport in the U.S., Chicago Midway Airport.

Chicago Midway Airport offers service to more than 55 destinations and consistently ranks among the top 30 airports in the U.S. for passenger volume. In 2007, it handled more than 19.3 million people and 304,000 aircraft operations. Together with the city's O'Hare Airport it serves the third largest metropolitan area in the U.S., with a population of 10 million people.

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Posted by boyang at September 30, 2008 9:03 PM