In November 2013, the consortium comprising Changi Airports International (CAI) and Odebrecht TransPort was awarded the rights to the concession for the expansion, maintenance and development of the airport for R$19 billion. The consortium will invest about R$5 billion up to the end of the concession in 2039.
Durgapur Aerotropolis is India’s first privately-managed airport city in the Durgapur-Asansol region of Bardhaman district in the West Bengal state of India. The project, which is CAI’s first investment in an airport development project in India, involves the setting up of an industrial park, a logistics hub and an IT park with supporting infrastructure such as housing, tourism, healthcare and social interchange facilities.
CAI signed a joint venture agreement with Basic Element and Sberbank of Russia in June 2012 to invest in and develop the airports of the Krasnodar region including airports in Sochi, Krasnodar, Anapa and Gelendzhik. The joint venture agreement marks CAI’s first foray into Russia.
In February 2017, CAI and its partners, Russian Direct Investment Fund (RDIF) and Basic Element, acquired Vladivostok International Airport in Russia’s Far East. The group will focus on transforming the airport into a leading aviation hub for domestic and international traffic by strengthening air connectivity and passenger experience.