AIRLINK 196.51 Increased By ▲ 4.67 (2.43%)
BOP 10.07 Increased By ▲ 0.20 (2.03%)
CNERGY 7.81 Increased By ▲ 0.14 (1.83%)
FCCL 38.46 Increased By ▲ 0.60 (1.58%)
FFL 15.72 Decreased By ▼ -0.04 (-0.25%)
FLYNG 24.54 Decreased By ▼ -0.77 (-3.04%)
HUBC 130.10 Decreased By ▼ -0.07 (-0.05%)
HUMNL 13.70 Increased By ▲ 0.11 (0.81%)
KEL 4.60 Decreased By ▼ -0.07 (-1.5%)
KOSM 6.20 Decreased By ▼ -0.01 (-0.16%)
MLCF 45.05 Increased By ▲ 0.76 (1.72%)
OGDC 206.65 Decreased By ▼ -0.22 (-0.11%)
PACE 6.60 Increased By ▲ 0.04 (0.61%)
PAEL 39.70 Decreased By ▼ -0.85 (-2.1%)
PIAHCLA 17.15 Decreased By ▼ -0.44 (-2.5%)
PIBTL 7.98 Decreased By ▼ -0.09 (-1.12%)
POWER 9.12 Decreased By ▼ -0.12 (-1.3%)
PPL 179.40 Increased By ▲ 0.84 (0.47%)
PRL 38.51 Decreased By ▼ -0.57 (-1.46%)
PTC 24.20 Increased By ▲ 0.06 (0.25%)
SEARL 109.15 Increased By ▲ 1.30 (1.21%)
SILK 1.01 Increased By ▲ 0.04 (4.12%)
SSGC 37.78 Decreased By ▼ -1.33 (-3.4%)
SYM 18.80 Decreased By ▼ -0.32 (-1.67%)
TELE 8.51 Decreased By ▼ -0.09 (-1.05%)
TPLP 12.12 Decreased By ▼ -0.25 (-2.02%)
TRG 64.69 Decreased By ▼ -1.32 (-2%)
WAVESAPP 12.01 Decreased By ▼ -0.77 (-6.03%)
WTL 1.64 Decreased By ▼ -0.06 (-3.53%)
YOUW 3.87 Decreased By ▼ -0.08 (-2.03%)
BR100 12,000 Increased By 69.2 (0.58%)
BR30 35,548 Decreased By -112 (-0.31%)
KSE100 114,256 Increased By 1049.3 (0.93%)
KSE30 35,870 Increased By 304.3 (0.86%)

The Spanish government Friday took the first step in the partial privatisation of the airport operating authority AENA as well as of the Madrid and Barcelona airports. The government hopes the sale of the airports in Spain's two largest cities will bring in around 5.3 billion euros ($7.5 billion) for the public coffers to help rein in a massive public deficit.
"The government approved (the launching) of bids for (Madrid's) Barajas and El Prat (in Barcelona) and the partial privatisation of AENA," government spokesman Jose Blanco told a news conference after a cabinet meeting. The call for bids involves more than 90 percent of the management contracts for the two airports - 3.7 billion euros for Barajas and 1.6 billion euros for El Prat - for 20 years, extendable by a further five years. The process will be launched on July 30 and completed at the end of November, the transport ministry said in a statement.
The winning group will have three months before taking over the airports, which would likely take place in early 2012. The government also launched the sale of 49 percent of AENA but Blanco said "the completion of the sale as well as the final percentage will depend on market conditions in order to find the maximum value for the company." Madrid announced the partial sale of AENA in December, along with the privatisation of up to 30 percent of the state lottery, in a bid to calm markets nervous over the country's large deficit. Madrid has promised to cut the public deficit from 9.24 percent of gross domestic product (GDP) in 2010 to the eurozone limit of 3.0 percent in 2013.

Copyright Agence France-Presse, 2011

Comments

Comments are closed.