A South African consortium has struck a US$1.5-billion (R9.25-billion) deal to modernise India's Mumbai airport.

The consortium, made up of Airports Company South Africa (Acsa), Bidvest Group Limited and Indian infrastructure company GVK, beat nine other bidders to win the tender.

Known as GVK-SA, the consortium will modernise, operate, develop and manage the airport for a concession period of 30 years...

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Posted by rjorr at February 14, 2006 5:46 PM