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  Press Releases
 
 

YEAR 2013
 
Changi Airports International Consortium Wins Auction for 25-Year Concession to Manage Antonio Carlos Jobim International Airport (GALEÃO) in Brazil
Changi announces successful completion of the placement of 8.4% of Gemina for € 176 million
Far East and Baikal Region Development Fund and Changi Airports International Form Strategic Partnership To Develop the Vladivostok International Airport Into Airport City.
Yongnam - CAPE - JGC Consortium submits proposal for Hanthawaddy International Airport concession
Yongnam - CAPE - JGC Consortium submits proposal for Yangon International Airport concession

YEAR 2012
 
Changi Airports International, Basic Element and Sberbank form airport business partnership

YEAR 2011
 
Changi Airports International, Basic Element, and Sberbank sign Memorandum of Understanding for Airport Business Partnership
Changi Airports International Wins Frost & Sullivan's 2011 Asia Pacific Airport Investment Company of the Year Award

YEAR 2010
 
Changi Airports International commences consultancy for the upgrading and development of Brunei International Airport
Design and build contract for Durgapur Airport awarded
Changi Airport Group invests in Rome Airports
Acquisition is largest investment to date
Press Statement - Gemina S.p.A.

YEAR 2009
 
Changi Airport Group and Chongqing Airport Group establish collaborative airports arrangement
King Fahd International Airport managed by Singapore’s Changi Airports International sees healthy 7% traffic growth
Changi Airport Group’s International Arm acquires a strategic stake in India’s first Aerotropolis The project marks the Group’s first overseas investment since its launch on 1 July 2009

YEAR 2008
18 November 2008 - Changi Airports International clinches S$65 million contract in Saudi Arabia. This is CAI's largest ever airport management contract
14 March 2008 - Changi Airports International Wins Frost & Sullivan's 2008 Asia Pacific Airport Investment Company of the Year Award
27 February 2008 - BAPL engages Changi Airports International for the upcoming Airport at the Durgapur Aerotropolis
26 February 2008 - Changi Airports International signed a Memorandum of Understanding to invest and develop Vietnam's Phu Bai International Airport
12 January 2008 - Changi Airports International has emerged as the preferred bidder to manage and operate Saudi Arabia's King Fahd International Airport
 
  2013 Releases

  25 November 2013
  Changi Airports International Consortium Wins Auction for 25-Year Concession to Manage Antonio Carlos Jobim International Airport (GALEÃO) in Brazil

 

Singapore, 23 November 2013 – Changi Airports International (CAI), a wholly-owned subsidiary of Changi Airport Group (CAG), today announced that its consortium partnership with Odebrecht TransPort (OTP) has won the right to the concession for the expansion, maintenance and development of Antonio Carlos Jobim International Airport (Galeão) in Rio de Janeiro.

With the offer of R$19.02 billion for the concession, 293% above the minimum bid of R$4.83 billion, the consortium will invest around R$5 billion up to the end of the concession period of 25 years. A Special Purpose Vehicle to manage Galeão Airport will be composed of 51%-participation, by OTP and CAI, with 49% participation by Infraero, Brazil’s state-run airport management company.

The winning consortium features the specialised and complementary competencies necessary for world-class airport management and operations and for the immediate accomplishment of the important investments that will be made in Galeão Airport. OTP is an investor and operator in public transport service concessions, in the areas of urban mobility, highways and integrated logistics systems, and will now start its role as an airport investor and operator. CAI is an investor and manager of airports in various parts of the world. Its parent, CAG, operates and manages the highly acclaimed Singapore Changi Airport that has already received over 450 awards for exceptional performance in customer experience, service and operating efficiency.

GALEÃO AIRPORT

According to the consortium’s investment plan, the Galeão Airport will increase its capacity to more than 60 million passengers by the end of concession, thus consolidating its status as the international gateway for Brazil and South America. In 2012, 17.5 million passengers passed through Galeão. The first phase of construction will include the building of an additional 26 aerobridges and car parks by April 2016.

The new concessionaire is scheduled to start its activities in the third quarter of 2014, after the contract signature (foreseen for March 2014) and a transition phase. During the most intense work period, the expanded operations and infrastructure development will create additional employment.

CHANGI AIRPORT AND ODEBRECHT TRANSPORT

To Lim Liang Song, Chief Executive Officer of CAI, starting its first airport investment in Brazil is an important step towards expanding the company’s international business. “Together with our partners, we are committed to providing an airport infrastructure that provides passengers and visitors with a positive and enjoyable experience. We look forward to working with Infraero to develop a high level of operating efficiency. We would also share the experience that the Changi Airport Group acquired in managing Singapore Changi Airport and from our airport investments and consulting elsewhere."

Mr Lee Seow Hiang, Chief Executive Officer of CAG, said, “The Latin American aviation market presents many growth opportunities which we are excited and optimistic about. This investment signifies an important step forward for CAG and CAI in terms of our presence in a new and important market, and gives us the valuable opportunity to participate and contribute to the region’s aviation growth. We look forward to working closely with our partners to develop Galeão Airport into a vibrant and successful air hub.”

“Our priority will be the rendering of high-quality services to the passengers and users, thus being able to achieve the best international standards. Additionally, we must focus immediately on the expansion of the Galeão Airport. Sharing the experiences acquired by Infraero, which will also be a member of the future concessionaire to be created, will be instrumental in the accomplishment of our targets”, said Mr Paulo Cesena, President of OTP.

++++++

Changi Airports International (CAI)
(www.cai.sg)

Changi Airports International (CAI) is a wholly-owned subsidiary of Changi Airport Group (CAG) of Singapore, which operates the Changi Airport since 1981, an airport that has already received more than 450 awards for the quality of its services. It is the sixth busiest international airport in the world, with more than 51 million passengers in 2012 and where some one hundred airlines operate, to more than 270 cities and 60 countries.

CAI is an investor, manager and consultant in more than 40 airports in over 20 countries across four continents. Among various consultancy projects, CAI is currently advising the Brunei Economic Development Board in the upgrading of Brunei International Airport and is undertaking project management services during the airport construction stage. At King Fahd International Airport, CAI is currently in the final year of a six-year airport management contract and is assisting the airport in its planned corporatisation.

On the investment front, CAI’s most recent projects include a 26% stake in India’s Bengal Aerotropolis Project Limited and a 30% stake in a joint venture to invest in and develop four airports in the Krasnodar region of southern Russia.

Odebrecht TransPort
(www.odebrecht-transport.com)

Created in 2010, Odebrecht TransPort has been acting in the rendering of services and investments in transport and logistics concessions in the areas of urban mobility, highways, and integrated logistics systems. The company that counts among its shareholders with Odebrecht S.A, with a participation of 70%, and FI-FGTS with 30%, is now consolidating its fourth segment – airports – after winning the Auction to operate Galeão Airport.

The present Odebrecht TransPort portfolio is composed by fifteen subsidiaries: the concessionaires of the highway systems Rota das Bandeiras (SP), Rota dos Coqueiros (PE), Bahia Norte (BA), Rota do Atlântico (PE) e Concessionária Litoral Norte (BA), Conectcar, a new company that operates in the electronic toll, parking and fuel payment segment, Via Rio, interconnection of the largest facilities of olympic games 2016 in Rio de Janeiro ; SuperVia, the metropolitan train system of Rio de Janeiro ViaQuatro that administers Line 4-Yellow of the São Paulo Subway; Line 6 Orange of the São Paulo subway, VLT (light rail vehicle) Carioca, passenger transportation system in the port region and central Rio de Janeiro; in addition to the Embraport port terminal, in Santos (SP,) Logum, a company that is building an ethanol transport and storage system composed by a poly-duct and terminals integrated to highways that will cross five states and Liquiport, a liquid bulk terminal at the Vila Velha Port with 10,000 m³ of tankage dedicated to caustic soda operations.

For more information, please contact:

Changi Airports International

See Ngee Muoy (Ms)
+65 6541 2964 (DID)
+65 9789 4536 (Mobile)
+65 6545 5369 (Fax)
see.ngeemuoy@cai.sg

Odebrecht TransPort
Marcelo Pontes (Mr)
+55 21 2559 3910 (DID)
+55 21 71390549 (Mobile)
marcelopontes@odebrecht.com

 
   
  1 July 2013
  Changi announces successful completion of the placement of 8.4% of Gemina for € 176 million

 

Singapore, 15 May 2013 –Changi Airports International (Singapore) Pte. Ltd (CAI) (through its subsidiary Worldwide United (Singapore) Pte. Ltd.) announces the successful completion of the placement of 122,814,053 ordinary shares in Gemina to institutional investors, corresponding to approximately 8.4% of Gemina's share capital, at a price of € 1.43 per ordinary share following an accelerated bookbuilt offering. The transaction will be settled upon delivery of shares and payment of consideration on 20 May 2013.

Gross proceeds from the placement amounted to € 176 million. After the completion of the placement, CAI will no longer hold a stake in Gemina.

About Changi Airports International

Changi Airports International (CAI) (www.cai.sg) is a wholly-owned subsidiary of Changi Airport Group. Its principal businesses are airport investments and consulting. It has been involved in the development of various airports throughout the world. Among various consultancy projects, it is currently advising the Brunei Economic Development Board in the upgrading of Brunei International Airport and is undertaking project management services during the airport construction stage. At King Fahd International Airport, CAI is currently in the fifth year of a six-year airport management contract and is assisting the airport in its planned corporatisation. On the investment front, CAI’s most recent projects include a 26% stake in India’s Bengal Aerotropolis Project Limited and a 30 % stake in a joint venture to invest in and develop four airports in the Krasnodar region of southern Russia. .

Changi Airport Group (Singapore) Pte Ltd (CAG) (www.changiairportgroup.com) was formed on 16 June 2009 and the corporatisation of Singapore Changi Airport followed on 1 July 2009. As the company managing Changi Airport, CAG undertakes key functions focusing on airport operations and management, air hub development, commercial activities and airport emergency services.

Changi Airport (www.changiairport.com) is the world’s most awarded airport having garnered more than 420 accolades since it opened in 1981. Changi handled more than 51 million passenger movements in 2012. Today, it is served by more than 100 airlines flying to over 240 cities in some 60 countries and territories worldwide. A flight takes off or lands at Changi roughly once every 100 seconds.

For more information, please contact:
See Ngee Muoy (Ms)
+65 6541 2964 (DID)
+65 6545 5369 (Fax)
see.ngeemuoy@cai.sg

 
   
  20 June 2013
  Far East and Baikal Region Development Fund and Changi Airports International Form Strategic Partnership To Develop the Vladivostok International Airport Into Airport City.

 

St. Petersburg, 20 June 2013 - The Far East and Baikal Region Development Fund, Singapore-based Changi Airports International Pte Ltd, Primorsk Region Administration and State Corporation Bank for Development and Foreign Economic Affairs (Vnesheconombank) have signed a four-party Memorandum of Understanding at the St. Petersburg International Economic Forum. The signing was witnessed by Singapore Minister of State for Finance and Transport Mrs Josephine Teo and Russian Deputy Minister of Transport Mr Valery Okulov. The parties have agreed to cooperate in development of Vladivostok International Airport (Airport) and the airport infrastructure into airport city.

The MOU was signed by Mr Pavel Grachev, Director General, The Far East and Baikal Region Development Fund and Baikal Region, Mr Lim Liang Song, CEO, Changi Airports International Pte Ltd, Mr Vladimir Miklushevsky, Governor, Primorski Krai Administration and Mr Vladimir Dmitriev, Chairman, Vnesheconombank.

Far East and Baikal Region Development Fund intends to play an active role in implementation of this important project in the Region. Changi Airports International’s global experience will be leveraged upon in routes development, operations and maintenance, masterplanning and management training.

Primorski Krai’s ambitious development plans (such as development of new manufacturing, expansion of automobile industry, development of seaports, an entertainment zone etc), call for further development of the airport. As passenger traffic is expected to grow in connection with the above development, there are plans to expand the Airport’s capacity and develop other surrounding infrastructure. In particular, Far East and Baikal Region Development Fund is considering participation in development of the motorway connecting Vladivostok with Nakhodka Seaport and Vostochni Seaport, with one of the sections of the motorway linking up to the airport and the nearby entertainment zone situated within 12 km of the airport.

Far East and Baikal Region Development Fund (www.fondvostok.ru) is a development fund established in 2011. The Fund’s mission is to promote investments through support of infrastructure and manufacture projects in the Russian Far East and the Baikal Region. The Fund’s paid-in capital is RUB15.5bn. State Corporation for Development and Foreign Economic Affairs (Vnesheconombank) is the founder and the sole shareholder of the Fund. Mr Pavel Grachev is the Director General.

Changi Airports International (CAI) (http://www.cai.sg) is a wholly-owned subsidiary of Changi Airport Group, the operator of the world-renown Singapore Changi Airport. Changi Airport recently received the Skytrax World’s Best Airport Award for 2013, the fourth time it has achieved this award. Singapore Changi Airport handled more than 51 million passenger movements in 2012, an annual record. Today, it serves some 100 airlines flying to over 250 cities in about 60 countries and territories worldwide.

CAI’s principal businesses are airport investments and consulting. CAI has been involved in the development of various airports throughout the world. Among various consultancy projects, CAI is currently advising the Brunei Economic Development Board in the upgrading of Brunei International Airport and is undertaking project management services during the airport construction stage. At King Fahd International Airport, CAI is currently in the fifth year of a six- year airport management contract and is assisting the airport in its planned corporatisation. On the investment front, CAI’s most recent projects include a 26% stake in India’s Bengal Aerotropolis Project Limited and a 30% stake in a joint venture to invest in and develop four airports in the Krasnodar region of southern Russia.

For more information, please contact:
OAO Far East and Baikal Development Fund
Corporate Communications
Tel: +7 (495) 540-47-37
Fax: +7 (495) 540-47-37
info@fondvostok.ru

Vnesheconombank
Corporate Communications
Tel: +7 (495) 608-46-93
Fax: +7 (499) 975-21-34
press@veb.ru

Changi Airports International
See Ngee Muoy
Tel: +65 6541 2964
Fax:+65 6545 5369
see.ngeemuoy@cai.sg
 
   
  29 May 2013
  Yongnam - CAPE - JGC Consortium submits proposal for Hanthawaddy International Airport concession

 

Singapore, 29 May 2013 – The consortium comprising Yongnam Holdings Limited (“Yongnam”), Changi Airport Planners and Engineers (“CAPE”) and JGC Corporation (“JGC”), has submitted a proposal to the Myanmar Department of Civil Aviation (“DCA”) on the Request for Proposal (“RFP”) dated 8 February 2013, for the right to design, construct, operate and maintain Hanthawaddy International Airport (“HIA”) and its facilities on the basis of a public-private partnership agreement for a 30-year concession period, having achieved pre-qualification prior in February 2013.

This is the consortium’s second proposal following an earlier submission in April 2013 for the right to design, build, operate and transfer Yangon International Airport and its facilities, also for a 30-year concession period.

The three companies are market leaders in their respective industries and together, bring a unique combination of expertise and experience to the project. Listed on the Singapore Stock Exchange, Yongnam is a multidisciplinary engineering and construction group with a strong track record of infrastructural projects both in Singapore and overseas. In the airport sector, Yongnam’s experience includes Singapore Changi Airport, Bangkok Suvarnabhumi International Airport, Brunei International Airport, Kuala Lumpur International Airport, New Delhi International Airport and Mumbai International Airport.

CAPE, a wholly-owned subsidiary of Changi Airports International (“CAI”), has a stellar track record in the area of airport master planning, design and project management. CAPE has consulted in the development of 17 airports all over the world, including airports in Africa, China, the Middle East, India, Russia, Europe, Brazil and Southeast Asia. CAI and its parent company, Changi Airport Group (“CAG”), have a proven track record in providing innovative and customer-friendly airport experiences as a hallmark of operational and service excellence. Testament to its continuous drive for excellence, Singapore Changi Airport is the world’s most awarded airport, having been conferred more than 420 accolades since its inception. More recently, the airport was ranked first by Skytrax for the fourth time, receiving the World’s Best Airport Award for 2013.

JGC is a leading global engineering contractor listed on the Tokyo Stock Exchange. JGC has a strong track record in executing over 20,000 engineering projects in over 70 countries. JGC has developed proprietary engineering technology and displayed unsurpassed project management capabilities in the field of petroleum refining and gas processing, LNG, petrochemicals and other hydrocarbons, as well as those involving non-ferrous metals, nuclear power, pharmaceuticals, hospitals, laboratories and numerous other sectors. In addition to the EPC business, JGC has also been investing in projects on a BOT basis, such as independent power production and seawater desalination.

The RFP requires the construction of an international passenger terminal building with an annual capacity for 12 million passengers, airfield facilities construction works on the runway, apron and taxiways. These include a runway of 3,600m capable of accommodating aircraft like the B747 and A340, a full parallel support taxiway, 25 contact aircraft stands and 17 remote aircraft stands. Also included in the RFP is the installation of an advance baggage handling system (complete with in-line security screening), and the provision of other ancillary airport support systems such as underground fuel hydrant installation, sewage treatment plant, car parking facilities, utility tunnel and emergency power station.

The consortium believes that it has submitted a strong and competitive proposal. Based on the theme of “Continuity and Transformation”, its design of the new international terminal building incorporates well-known Myanmar architectural features, while giving it a contemporary look and feel.

In addition to fulfilling the requirements of the physical infrastructure, the consortium is committed to set and provide a high standard of service at HIA, by implementing effective operational and commercial systems and processes, based on the strong belief that human capital development is pivotal to the establishment of HIA as the premier international gateway to Myanmar. HIA will be the fourth international airport in Myanmar, after that of Yangon, Mandalay and Nay Pyi Taw, and is located approximately 10 km west of the Bago township and 80 km from Yangon.

The consortium has plans to set up an aviation training academy that will provide training and development to airport personnel in Myanmar, raising customer service standards and enhancing operational effectiveness. The consortium believes that this initiative will raise productivity standards, expose employees to new technology and management methods, as well as enhance the professional development of individual airport employees in a structured and sustainable manner.

A joint venture will be formed to deliver the requirements under the concession agreement, should the consortium be successful in the HIA project.

About Yongnam Holdings Limited

With more than 40 years of experience in steel fabrication, Yongnam excels in adding value to steel construction. The Group’s two production facilities in Singapore and Nusajaya, Johor, Malaysia have a total production capacity of 78,000 tons of steel fabrication.

The Group utilises the latest fabrication technologies and design innovation to offer solutions to its clients on a fast-track basis. Yongnam’s modular strutting system continues to give the Group a strong competitive edge in meeting increasingly more stringent design and project requirements in infrastructure and construction projects. With a traceability procedure that meets the requirements of the Singapore Building and Construction Authority, its modular strutting system is the first to be certified by an independent auditor for reusability in earth retaining or stabilising structures.

Yongnam’s technical and value engineering solutions for steel fabrication and erection have resulted in increased productivity, improved yield and lower costs. The Group’s in-house pool of experienced and qualified engineers, detailers, technicians, welders, riggers and fitters are consistently adding value to clients’ projects.

Yongnam is an ISO-9001:2008, ISO 14001:2004 and OHSAS 18001:2007 certified company and accredited fabricator of the highest S1 category from the Singapore Structural Steel Society. The Group’s Quality Management System takes a planned approach towards continuous improvement of its products, processes and services.

Yongnam aims to be the solutions provider of choice for the structural steel industry.

About Changi Airport Planners and Engineers ( CAPE)

Changi Airport Planners and Engineers (CAPE) is a wholly-owned subsidiary of Changi Airports International (CAI). CAPE is one of the leading airport consulting firms in the world with an impressive track record in the area of airport planning, design and project management. Its professionals provide breath of experience and specialist know-how to develop airports to meet the growing challenges facing today’s aviation industry.

The principal businesses of CAI (www.cai.sg) are airport investments and consulting. CAI has been involved in the development of various airports throughout the world. Among various consultancy projects, it is currently advising the Brunei Economic Development Board in the upgrading of Brunei International Airport and is undertaking project management services during the airport construction stage. At King Fahd International Airport, CAI is currently in the fifth year of a six-year airport management contract and is assisting the airport in its planned corporatisation. On the investment front, CAI’s most recent projects include a 26% stake in India’s Bengal Aerotropolis Project Limited and a 30% stake in a joint venture to invest in and develop four airports in the Krasnodar region of southern Russia.

About JGC Corporation

Established in 1928, JGC Corporation (JGC) is one of Japan's leading engineering contractors. It has executed over 20,000 projects in more than 70 countries, and has a strong background in lump-sum turnkey operations of both hydrocarbon and non-hydrocarbon related projects.

In recent years, JGC has been applying the technical expertise it has accumulated through engineering and construction projects to new enterprise investment businesses, in fields such as water and power infrastructure in Saudi Arabia, Abu Dhabi and China; resource development in the US and Canada; renewable energy in Spain and Japan; and environmental conservation and agriculture in Japan and other parts of Asia. In addition, JGC is actively working on planning and feasibility studies for smart communities in India and other emerging countries.

For more information, please contact:
Yongnam Holdings Limited
Holly Huang-James (Ms)
+65 6534 5122 (Office)
+65 9127 7768 (Mobile)
holly.huang-james@citigatedrimage.com

Changi Airports International
See Ngee Muoy (Ms)
+65 6541 2964 (DID)
+65 6545 5369 (Fax)
see.ngeemuoy@cai.sg

JGC Corporation
Takeshi Endo (Mr)
+81 45 682 1111 (Phone)
+81 45 682 1112 (Fax)
endo.takeshi@jgc.co.jp
 
   
  29 April 2013
  Yongnam - CAPE - JGC Consortium submits proposal for Yangon International Airport concession

 

Singapore, 29 April 2013 – The consortium comprising Yongnam Holdings Limited (“Yongnam”), Changi Airport Planners and Engineers (“CAPE”) and JGC Corporation (“JGC”), has submitted a proposal to the Myanmar Department of Civil Aviation (“DCA”) on the Request for Proposal (“RFP”) dated 26 February 2013, for the right to design, construct, operate and maintain Yangon International Airport (“YIA”) and its facilities on the basis of a public-private partnership agreement for a 30-year concession period.

This follows the consortium’s success in an earlier round of pre-qualification for which it was subsequently invited to submit a proposal in February 2013.

The three companies are market leaders in their respective industries and together, bring a unique combination of expertise and experience to the project. Listed on the Singapore Stock Exchange, Yongnam is a multidisciplinary engineering and construction group with a strong track record of infrastructural projects both in Singapore and overseas. In the airport sector, Yongnam’s experience includes Singapore Changi Airport, Suvarnabhumi International Airport (Bangkok), Brunei International Airport, Kuala Lumpur International Airport, New Delhi International Airport and Mumbai International Airport.

CAPE, a wholly-owned subsidiary of Changi Airports International (“CAI”), has a stellar track record in the area of airport master planning, design and project management. CAPE has consulted in the development of 17 airports all over the world, including airports in Africa, China, the Middle East, India, Russia, Europe, Brazil and Southeast Asia. CAI and its parent company, Changi Airport Group (“CAG”), have a proven track record in providing innovative and customer-friendly airport experiences as a hallmark of operational and service excellence. Testament to its continuous drive for excellence, Singapore Changi Airport is the world’s most awarded airport, having been conferred more than 420 accolades since its inception. More recently, the airport was ranked first by Skytrax for the fourth time, receiving the World’s Best Airport Award for 2013.

JGC is a leading global engineering contractor listed on the Tokyo Stock Exchange. JGC has a strong track record in executing over 20,000 engineering projects in over 70 countries. JGC has developed proprietary engineering technology and displayed unsurpassed project management capabilities in the field of petroleum refining and gas processing, LNG, petrochemicals and other hydrocarbons, as well as those involving non-ferrous metals, nuclear power, pharmaceuticals, hospitals, laboratories and numerous other sectors. In addition to the EPC business, JGC has also been investing in projects on a BOT basis, such as independent power production and seawater desalination.

The RFP requires the construction of a domestic passenger terminal building with an annual capacity for 4.5 million passengers, airfield facilities construction works on the apron and taxiways, installation of an advance baggage handling system (complete with in-line security screening), and the provision of other ancillary airport support systems such as underground fuel hydrant installation, sewage treatment plant, car parking facilities, utility tunnel and emergency power station.

The consortium believes that it has submitted a strong and competitive proposal. Based on the theme of “Continuity and Transformation”, its design of the new domestic terminal incorporates well-known Myanmar architectural features, while giving it a contemporary look and feel. On the airfield, the consortium has proposed an innovative rapid exit taxiway, which will allow the faster turnaround of smaller aircraft, and a new parallel support taxiway, which will increase runway capacity.

In addition to fulfilling the requirements of the physical infrastructure, the consortium is committed to raise the service standards of YIA by implementing effective operational and commercial systems and processes. With the strong belief that human capital development is pivotal to the transformation of YIA, the consortium has plans to set up an aviation training academy that will provide training and development to airport personnel in Myanmar, raising the standard of customer service and enhancing operational effectiveness. The consortium believes that this initiative will raise productivity standards, expose employees to new technology and management methods, as well as enhance the professional development of individual airport employees in a structured and sustainable manner.

A joint venture will be formed to deliver the requirements under the concession agreement, should the consortium be successful in the YIA project.

About Yongnam Holdings Limited

With more than 40 years of experience in steel fabrication, Yongnam excels in adding value to steel construction. The Group’s two production facilities in Singapore and Nusajaya, Johor, Malaysia have a total production capacity of 78,000 tons of steel fabrication.

The Group utilises the latest fabrication technologies and design innovation to offer solutions to its clients on a fast-track basis. Yongnam’s modular strutting system continues to give the Group a strong competitive edge in meeting increasingly more stringent design and project requirements in infrastructure and construction projects. With a traceability procedure that meets the requirements of the Singapore Building and Construction Authority, its modular strutting system is the first to be certified by an independent auditor for reusability in earth retaining or stabilising structures.

Yongnam’s technical and value engineering solutions for steel fabrication and erection have resulted in increased productivity, improved yield and lower costs. The Group’s in-house pool of experienced and qualified engineers, detailers, technicians, welders, riggers and fitters are consistently adding value to clients’ projects.

Yongnam is an ISO-9001:2008, ISO 14001:2004 and OHSAS 18001:2007 certified company and accredited fabricator of the highest S1 category from the Singapore Structural Steel Society. The Group’s Quality Management System takes a planned approach towards continuous improvement of its products, processes and services.

Yongnam aims to be the solutions provider of choice for the structural steel industry.

About Changi Airport Planners and Engineers ( CAPE)

Changi Airport Planners and Engineers (CAPE) is a wholly-owned subsidiary of Changi Airports International (CAI). CAPE is one of the leading airport consulting firms in the world with an impressive track record in the area of airport planning, design and project management. Its professionals provide breath of experience and specialist know-how to develop airports to meet the growing challenges facing today’s aviation industry.

The principal businesses of CAI (www.cai.sg) are airport investments and consulting. CAI has been involved in the development of various airports throughout the world. Among various consultancy projects, it is currently advising the Brunei Economic Development Board in the upgrading of Brunei International Airport and is undertaking project management services during the airport construction stage. At King Fahd International Airport, CAI is currently in the fifth year of a six-year airport management contract and is assisting the airport in its planned corporatisation. On the investment front, CAI’s most recent projects include a 26% stake in India’s Bengal Aerotropolis Project Limited; an 8% stake in Gemina S.p.A., the holding company of Aeroporti di Roma, the operator of Rome’s airport system; and a 30% stake in a joint venture to invest in and develop four airports in the Krasnodar region of southern Russia.

About JGC Corporation

Established in 1928, JGC Corporation (JGC) is one of Japan's leading engineering contractors. It has executed over 20,000 projects in more than 70 countries, and has a strong background in lump-sum turnkey operations of both hydrocarbon and non-hydrocarbon related projects.

In recent years, JGC has been applying the technical expertise it has accumulated through engineering and construction projects to new enterprise investment businesses, in fields such as water and power infrastructure in Saudi Arabia, Abu Dhabi and China; resource development in the US and Canada; renewable energy in Spain and Japan; and environmental conservation and agriculture in Japan and other parts of Asia. In addition, JGC is actively working on planning and feasibility studies for smart communities in India and other emerging countries.

For more information, please contact:
Yongnam Holdings Limited
Elaine Lim (Mrs)
+65 6534 5122 (Office)
+65 9751 2122 (Mobile)
elaine.lim@citigatedrimage.com

Changi Airports International
See Ngee Muoy (Ms)
+65 6541 2964 (DID)
+65 6545 5369 (Fax)
see.ngeemuoy@cai.sg

JGC Corporation
Takeshi Endo (Mr)
+81 45 682 1111 (Phone)
+81 45 682 1112 (Fax)
endo.takeshi@jgc.co.jp
 
   
  2012 Releases

  22 June 2012
  Changi Airports International, Basic Element and Sberbank form airport business partnership

 

St. Petersburg, 22 June 2012 - Changi Airports International (CAI), Basic Element
Group, and Sberbank of Russia in the framework of the St. Petersburg International
Economic Forum, have signed a joint venture agreement to invest in and develop
airports in Russia.

CAI will hold 30%, Basic Element will hold 50% plus one share and JSC Sberbank will
hold 20% minus one share in the joint venture.

Basic Element will contribute to the joint venture shares of the airports in the Krasnodar
region including airports of Sochi, Krasnodar, Anapa and Gelendzhik. The total value of
the assets exceeds US$500 million.

The purpose of the joint enterprise is to further develop these airports in the Krasnodar
region, to improve levels of service for passengers and air carriers, increase
capitalisation of the assets and to also expand the portfolio of airport assets.

Lim Liang Song, CEO of CAI, said, "This partnership is a strategic step for Changi
Airports International in the Russian market. We are glad to join Basic Element and
Sberbank in the further development of the airports in the Krasnodar region. Changi
brings extensive experience in managing and consulting for airports in many countries.
Our goal is to transfer best practices in airport operations, management and
development."

Oleg Deripaska, CEO of Basic Element, said, "We are pleased to co-operate with
Sberbank and Changi Airports International. Basic Element has already done a lot to
develop airports in the Krasnodar region in the run-up to the 2014 Olympic Winter
Games. In co-operation with Changi and Sberbank, we will achieve even more, turning
Krasnodar region airports - the gateways to the Sochi Olympics - into state-of the-art,
highly efficient aviation enterprises. This will ensure the safety and comfort of
passengers, and a quality of aircraft servicing in accordance with the highest
international standards."

German Gref, President and Board Chairman of Sberbank, said, "The participation of
Sberbank in this newly created joint venture is an integral part of our investment
strategy. We see great potential for increased added value in the Krasnodar region
airports, given the development of tourism and the upcoming sport events which will
make the region the focus of international attention."

About Changi Airports International

Changi Airports International (CAI) (www.cai.sg) is a wholly-owned subsidiary of Changi
Airport Group. Its principal businesses are airport investments and consulting. It has
been involved in the development of various airports throughout the world. CAI's most
recent projects include a 26% stake in India's Bengal Aerotropolis Project Limited and
an 8% stake in Gemina S.p.A., the holding company of Aeroporti di Roma, the operator
of Rome's airport system.

Changi Airport (www.changiairport.com) is the world's most awarded airport having
garnered more than 400 accolades since it opened in 1981. To serve passengers and
visitors from the world over, there are 360 retail stores and 130 F&B outlets across the
airport's four terminals. Changi handled more than 46 million passenger movements in
2011, an annual record. Today, it serves some 100 airlines flying to over 220 cities in
about 60 countries and territories worldwide. A flight takes off or lands at Changi
roughly once every 100 seconds.

About Basic Element Group

Basic Element (www.basel.com) is one of Russia's largest and most dynamic diversified
business groups. Basic Element's companies are controlled by or are within the scope
of Oleg Deripaska's business interests. Through its affiliates, Basic Element owns
significant stakes in and manages dozens of companies operating in several market
sectors, including energy, manufacturing, financial services, construction, aviation,
agriculture and others. The Group consists of over 100 companies that between them
employ more than 250,000 people across Russia, the CIS, Africa, Australia, Asia,
Europe and Latin America. Many of Basic Element's companies play key roles in their
respective market segments in Russia and internationally, including En+ Group, GAZ
Group, Glavstroy, Basel Aero and others.

About Sberbank

Sberbank is the largest bank of Russia that holds about 27% of the Russian banking
assets and employs nearly 240,000 people. The Central Bank of Russian Federation is
the founder and major shareholder of Sberbank, owning 57.6% of its issued outstanding
shares. Other shares are held by more than 245,000 individual and institutional
investors. The Bank has one of the largest networks in Russia: 17 territorial banks,
about 19,000 branches as well as subsidiaries in Kazakhstan, Ukraine and Belarus, a
branch in India, representative offices in Germany and China. With the acquisition of
Volksbank International in 2012 Sberbank gained presence in nine Central and Eastern European countries.

The bank holds the general banking license No.1481 issued by the Bank of Russia.

The official website is www.sberbank.ru

For more information, please contact:
Basic Element Group
Irina Pashinkina
+7 (495) 729-53-83
IrinaVP@basel.ru

Sberbank of Russia
Alexander Baziyan
Tel. +7(495) 957 5721
media@sberbank.ru

Changi Airports International
Jonas Kor
+65 6595 6486 (DID)
+65 9658 5945 (mobile)
jonas.kor@changiairport.com
 
   
  2011 Releases

  31 October 2011
  Changi Airports International, Basic Element, and Sberbank sign Memorandum of Understanding for Airport Business Partnership

 

October 31, 2011, Moscow - Changi Airports International (CAI), Basic Element Group, and LLC Sberbank Investments, a subsidiary of Sberbank, have signed a memorandum of understanding (MOU) to form a joint venture to invest in and develop airports in Russia.

CAI will hold 30%, Basic Element will hold 50% plus one share, and LLC Sberbank Investments will hold 20% minus one share in the joint venture.

Basic Element currently owns a cluster of airports in the Krasnodar region, including Sochi and Krasnodar, with total passenger traffic expected to exceed 5 million passengers per annum in 2011. Krasnodar region is an established domestic tourism destination and an important agro-industrial centre of Russia. The region will be hosting Winter Olympics-2014, F1 starting from 2015 and FIFA World Cup in 2018.

The purpose of the joint enterprise is to further develop these airports in the Krasnodar region, to improve levels of service to meet international standards, increase capitalization of the assets and also to expand the portfolio of airport assets.

The creation of the joint venture is targeted to be completed in the second quarter of 2012. It is subject to due diligence and final negotiations between the parties and approval by the regulatory authorities.

Mr Lim Liang Song, CEO of CAI said: “We are delighted with the partnership with Basic Element and Sberbank. The Russian market holds enormous potential. We look forward to a strong partnership to develop the airports in the Krasnodar region. Changi Airports International brings extensive experience in managing and consulting for airports overseas. In addition, it hopes to transfer the experience and expertise of Changi Airport Group in managing Changi Airport to this joint venture.”

Mr Oleg Deripaska, CEO of Basic Element, said: “The signing of this MOU is an important strategic step in the development of Basic Element’s airport business and is linked with our plan to increase the capitalization of our businesses by attracting partners that share our strategic views on the estimation of asset potential and development. We welcome this partnership with Sberbank and Changi Airports International.”

Mr German Gref, President and Board Chairman of Sberbank, said: “The participation of Sberbank in this newly created joint venture is part of our investment strategy, which is based on the acquisition of assets with strong prospects for growth. We see great potential for value increase in Krasnodar region airports, especially in view of the upcoming 2014 Olympic Games in Sochi, as well as the World Cup that Russia will be hosting in 2018.”

About Changi Airports International

Changi Airports International (CAI) (www.cai.sg) is a wholly-owned subsidiary of Changi Airport Group. Its principal businesses are airport investments and consulting. It has been involved in the development of various airports throughout the world. CAI’s most recent projects are a 26% stake in India’s Bengal Aerotropolis Project Limited and an 8% stake in Gemina S.p.A., the holding company of Aeroporti di Roma, the operator of Rome’s airport system.

Changi Airport (www.changiairport.com) is the world’s most awarded airport having garnered more than 380 accolades since it opened in 1981. To serve passengers and visitors from the world over, there are 290 retail stores and 130 F&B outlets across the airport's four terminals. Changi handled more than 42 million passenger movements in 2010, an annual record. Today, it serves some 100 airlines flying to over 210 cities in about 60 countries and territories worldwide. A flight takes off or lands at Changi roughly once every 100 seconds.

About Basic Element Group

Basic Element (www.basel.ru) is Russia’s leading diversified investment and industrial group with assets in a variety of economic segments including mining and metals, power, engineering, aviation, construction, construction and agriculture. Basic Element through its affiliates owns significant stakes in and operates dozens of companies. Many of them play key roles in their respective markets in Russia and internationally, among them UC RUSAL, Eurosibenergo, Russian Machines, Basel-Aero, Glavstroy. Basic Element Group companies employ over 250,000 people in Russia, the CIS, Africa, Australia, Asia, Europe and Latin America.

About Sberbank

Sberbank of Russia is the largest bank in Russia, accounting for about 27% of the aggregate Russian banking assets and employing about 240,000 people. Sberbank’s founder and major shareholder is the Bank of Russia holding over 60% of voting shares. The bank’s other shareholders comprise more than 245,000 legal entities and individuals. The bank has the largest countrywide branch network with 17 regional head offices and more than 19,000 outlets as well as subsidiary banks in Kazakhstan, Ukraine and Belarus, a branch in India, and representative offices in Germany and China. The bank holds the general banking licence No.1481 issued by the Bank of Russia. The official website is www.sberbank.ru

For more information, please contact:
Changi Airports International
Jonas Kor
Corporate Commmunications
+65 6595 6486 (DID)
+65 9658 5945 (mobile)
jonas.kor@changiairport.com

Basic Element Group
Sergey Babichenko
Media Relations
Tel: +7(495) 729-53-83
Fax: +7(495) 729-53-70
SergeyYB@basel.ru

Sberbank of Russia
Alexander Baziyan
Public Relations
Tel. +7(495) 957 5721
media@sberbank.ru
   
  2 June 2011
  Changi Airports International Wins Frost & Sullivan's 2011 Asia Pacific Airport Investment Company of the Year Award

 

SINGAPORE, 2 June 2011 - Changi Airports International (CAI) has been awarded the "2011 Asia Pacific Airport Investment Company of the Year" by global growth consulting firm Frost & Sullivan. The award acknowledges the strategic efforts of CAI in investing in and developing airports overseas and recognises CAI’s outstanding performance in 2010.

On the conferment of the Award, Mr Lim Liang Song, Chief Executive Officer said, "We are honoured that Changi Airports International (CAI) has been given the Award which recognises the Company as an innovative and successful player in the development and operations of airports. With the support of its parent company, Changi Airport Group, CAI has significant expertise and experience to offer and we have been able to leverage that in our investment and consulting projects overseas."

The criteria used to select the Award Recipients were based on actual measurable performance of the companies in the market for base year 2010. The measured parameters include revenue growth, market share growth, demonstrated leadership, breath of solutions offered, major customer acquisitions, business strategy, market penetration, and increased brand recognition. This is the second time that CAI has won the award, the first being in 2008.

Frost & Sullivan is a global growth consulting company which partners with clients to accelerate their growth. Frost & Sullivan employs over 50 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 40 offices on six continents.

For more information, please contact:
Jonas Kor
+65 6595 6486 (DID)
+65 9658 5945 (mobile)
jonas.kor@changiairport.com

About Changi Airports International

Changi Airports International (CAI) (www.cai.sg), a wholly owned subsidiary of Changi Airport Group, is an airport investor and manager. It has been involved in the development of various airports throughout the world as an investor and a consultant. These airport assets are selected carefully for their growth potential and the ability of CAI to enhance value over a medium term horizon. The most recent projects are a 26% stake In India’s Bengal Aerotropolis Project Limited and an 8% stake in Gemina S.p.A., the holding company of Aeroporti di Roma, the operator of Rome’s airport system.

Changi Airport (www.changiairport.com) is the world’s most awarded airport having garnered more than 360 accolades since it opened in 1981. Changi handled more than 42.0 million passenger movements in 2010, an annual record in passenger traffic. The airport, which has four terminals, serves some 100 airlines flying to some 200 cities in about 60 countries and territories worldwide. A flight takes off or lands at Changi every two minutes.

 
   
  2010 Releases

  8 October 2010
  Changi Airports International commences consultancy for the upgrading and development of Brunei International Airport

 

SINGAPORE, 8 October 2010 – Changi Airports International (CAI), the international arm of Changi Airport Group, has commenced its consultancy work with the Brunei Economic Development Board (BEDB) for the upgrading and development of Brunei International Airport.

CAI was appointed as the owner-advisor to the BEDB, which is the government agency responsible for the upgrading and development of Brunei International Airport. The project would be implemented on a Design & Build basis by a separately appointed contractor. The value of the upgrading and development project is around B$130 million.

The scope of consultancy entails assisting the BEDB to develop and prioritise the range of refurbishment needed to modernise the airport terminal and preparing tender documents for the Design & Build contract. CAI will undertake project management services during the construction stage. The construction project is expected to be completed within 36 months from the date of commencement.

Mr Wong Woon Liong, Chief Executive Officer, CAI, says, “We are pleased to be able to participate in the upgrading and development of the international airport of a close neighbouring country. We look forward to an enduring relationship with Brunei International Airport in the years to come.”

In undertaking this consultancy, CAI has formed a consortium with AECOM Asia Co Ltd, a subsidiary of AECOM, a leading engineering consultancy company with airport-related experience.

For more information, please contact:
Esther Ee (Ms)
+65 6541 2101 (DID)
+65 9638 8505 (mobile)
esther.ee@changiairport.com

About Changi Airports International

Changi Airports International (CAI) (www.cai.sg), the international arm of Changi Airport Group, is an airport investor and manager. It has been involved in the development of various airports throughout the world. CAI’s portfolio concentrates on airport assets in emerging economies. These assets are targeted for their growth and value enhancement over a medium term horizon. The portfolio is balanced with a component consisting of assets in the more mature airport markets. The most recent projects are a 26% stake In India’s Bengal Aerotropolis Project Limited and a 5% stake in Gemina S.p.A., the holding company of Aeroporti di Roma, the operator of Rome’s airport system.

Changi Airport (www.changiairport.com) handled 37.2 million passenger movements in 2009 and registered a monthly record of 3.83 million in December 2009. Presently, Changi serves 96 airlines flying to some 200 cities in about 60 countries and territories worldwide. A flight takes off or lands at Changi every two minutes.

About AECOM Asia Co Ltd

AECOM Asia is a subsidiary of AECOM. A Fortune 500 company, AECOM is a leading global engineering and architectural design firm with presence in more than 20 countries and has substantive experience in airport-related projects.

About Brunei International Airport

Brunei International Airport serves Bandar Seri Begawan, the capital of Brunei. The current airport capacity is 2.0 million passengers per year. In 2009, the passenger traffic at the airport was 1.6 million.

 
   
  17 September 2010
  Design and build contract for Durgapur Airport awarded

 

SINGAPORE, 17 September 2010 – Changi Airport Group (CAG) today announced the award of the Design and Build Contract for Durgapur Airport by Bengal Aerotropolis Projects Limited (BAPL), to Simplex Infrastructures Limited, an Indian infrastructure construction company. Changi Airports International (CAI), the international arm of CAG, has a 26% stake in BAPL.

The scope of the contract involves an initial development of a 2,800 metre long runway along with a passenger terminal building capable of handling one million passengers annually. A letter of award has been issued to the construction company for immediate commencement of work at site.

BAPL is a specialist company formed for the development of the Durgapur Aerotropolis. The Durgapur Aerotropolis is India’s first aerotropolis project and its first privately owned merchant airport. The aerotropolis involves the setting up of an industrial park, a logistics hub and a township around the privately owned greenfield airport. The project is CAI’s first investment in an Indian greenfield airport city project.

Through its subsidiary, Changi Airport Planners and Engineers (CAPE), CAI has been actively involved in the aerotropolis project. CAPE is engaged by BAPL in a technical consultancy for the development of the airport. CAPE has been involved in developing the conceptual design for airside facilities, passenger terminal building and ancillary airport operations buildings, and advising BAPL on the preparation of the airport tender documents and evaluation of the bids for the finalisation of the Design and Build Contract for the airport.

Mr Wong Woon Liong, Chief Executive Officer, CAI, says the project has been progressing as planned, with the award of the Design and Build contract being a significant milestone. “We are pleased to be able to participate in the development of this aerotropolis project. With the achievement of this significant milestone, we will continue to use our expertise to support the management and expansion of the airport, which is an essential part of Durgapur Aerotropolis.”

Mr. Arvind Pande, Chairman, BAPL, says, “CAPE, with its association with Singapore Changi Airport, has rich experience and expertise in airport planning and has provided BAPL with sound advice. We are delighted to be associated with them and look forward to an enduring and long-term relationship with them to take the aerotropolis project to the next level.”

For more information, please contact:
Terry Lim
+65 6595 6409 (DID)
+65 9744 2385 (mobile)
terry.lim@changiairport.com

About Changi Airport Group

Changi Airport Group (CAG) (www.changiairportgroup.com) was formed on 1 July 2009 as a result of the corporatisation of Singapore Changi Airport. As the company managing Changi Airport, the world's most awarded airport, CAG undertakes key functions focusing on airport operations and management, air hub development, commercial activities and airport emergency services. Through its subsidiary Changi Airports International, the Group invests in and manages foreign airports to spread the success of Changi Airport internationally.

Changi Airport (www.changiairport.com) handled 37.2 million passenger movements in 2009 and registered a monthly record of 3.83 million in December 2009. Presently, Changi serves 96 airlines flying to some 200 cities in about 60 countries and territories worldwide. A flight takes off or lands at Changi every two minutes.

About Changi Airports International

Changi Airports International (CAI) is an airport investor and manager. It has been involved in the development of various airports throughout the world. CAI’s portfolio concentrates on airport assets in emerging economies. These assets are targeted for their growth and value enhancement over a medium term horizon. The portfolio is balanced with a component consisting of assets in the more mature airport markets. Apart from its 26% stake in Bengal Aerotropolis Project Limited, it has recently acquired a 5% stake in Gemina S.p.A., the holding company of Aeroporti di Roma, the operator of Rome’s airport system.

About Durgapur Aerotropolis

Durgapur Aerotropolis is India’s India’s first Aerotropolis (an Airport City) in the Durgapur-Asansol region of Bardhaman district at an estimated investment of S$4 billion. The project will involve setting up an Industrial Park, logistics hub, IT park with supporting infrastructure like housing, tourism, healthcare and social interchange facilities. While the Airport will be developed over 300 hectares, the supporting industrial and social infrastructure will be developed over 600 hectares.

About Durgapur – Asansol region

Durgapur-Asansol is one of the most centrally located industrial zones in eastern India. While Asansol is fast emerging as a trade and commerce destination, Durgapur is emerging as a manufacturing, educational, IT and logistics hub. Durgapur is the site of an integrated steel plant complex besides an alloy steel plant and is the major centre of coal mining. The region is well served by a major railway and road network.

 
   
  1 March 2010
  Changi Airport Group invests in Rome Airports
Acquisition is largest investment to date

 

SINGAPORE, 1 March 2010 – Changi Airport Group (CAG), through its wholly-owned subsidiary Changi Airports International (CAI), has acquired a 5% stake in Gemina S.p.A., the holding company of Aeroporti di Roma (AdR).

The S$100 million acquisition makes CAI one of the key shareholders of Gemina S.p.A., which is listed on the Milan Stock Exchange. It represents CAI’s largest investment to date and marks a major step forward in CAG’s strategy to expand overseas as it enters the well-established European aviation market.

AdR owns the concession to operate Italy’s largest airport group, comprising the Leonardo da Vinci Airport and the Giovan Battista Pastine Airport (also known as Fiumicino and Ciampino airports respectively). Both airports serve the capital city of Rome, and together, handled over 38.6 million passengers and 382,082 aircraft movements in 2009. Leonardo da Vinci Airport is the sixth largest hub in Europe, handling more than 33.8 million passengers last year. In January 2010, AdR continued its strong recovery from the global economic crisis as it registered 12.0% growth in passenger volumes.

The investment is an integral part of a strategic industrial partnership to be forged with the shareholders’ pact of Gemina S.p.A. which includes, amongst others, Investimenti Infrastrutture (a company of Sintonia S.p.A.), Mediobanca, Assicurazioni Generali and UniCredit.

Under the proposed industrial partnership, CAI will play a key role in the future expansion and development of the Rome airport group by establishing a long-term technical partnership with AdR to provide management support in areas such as airport operations, commercial development and master planning. In addition, CAI will also be represented on the Board of Directors of both Gemina S.p.A. and AdR.

Mr Lee Seow Hiang, Changi Airport Group’s Chief Executive Officer, said the deal – the Group’s second since its corporatisation in July last year – sets a milestone for CAG. “With this investment, CAG becomes the first Asian operator to invest in a European capital city airport with a substantial strategic role. Rome, one of Europe’s leading capitals, has over 3 million people and is the primary gateway to Italy, Europe’s fourth largest economy and population.”

Mr Lee added, “CAG is proud to be associated with AdR’s ambitious plan to develop the airports into world-class assets. We will leverage our experience and expertise to assist AdR and look forward to working with the shareholders and management of Gemina and AdR to achieve the full development and commercial potential of the Rome airports.”

About Changi Airport Group

Changi Airport Group was formed on 1 July 2009 as a result of the corporatisation of Singapore Changi Airport. As the airport company managing Changi Airport, the world's most awarded airport, Changi Airport Group undertakes key functions focusing on airport operations and management, air hub development, commercial activities and airport emergency services. Through its subsidiary Changi Airports International, the Group invests in and manages foreign airports to spread the success of Changi Airport far and wide.

Changi Airport handled 37.2 million passenger movements in 2009 and registered a monthly record of 3.83 million in December 2009. As at 1 February 2010, Changi serves 84 airlines flying to more than 200 cities in 60 countries and territories worldwide.

About Changi Airports International

Changi Airports International (CAI) is Changi Airport Group’s dedicated subsidiary for overseas ventures. It has been involved in the development and management of various airports throughout the world. CAI is building a portfolio of airport investments worldwide with strong markets and significant development potential. As an investor, CAI seeks to play an active and strategic role in helping create and sustain real asset value growth through superior service performance, balanced commercial development and responsible airport planning, among others. The most recent project is a 26% stake In India’s Bengal Aerotropolis Project Limited.

About Gemina S.p.A.

Gemina S.p.A. is an Italy-based investment holding company whose most significant asset is a 95.76% direct interest in Aeroporti di Roma SpA (AdR). Listed on the Milan Stock Exchange since 1981, Gemina also holds minority interests in several companies involved in electrical and thermal energy co-generation, air traffic control system design, and provision of financial advisory service.

About Aeroporti di Roma

Aeroporti di Roma (AdR) has a public concession until 2044 to manage and to develop the Rome airport group which currently consists of the Leonardo da Vinci International Airport (Fiumicino) and the G.B. Pastine Airport (Ciampino). Fiumicino Airport is the main international gateway to Rome and one of the top ten busiest airports in Europe, handling 33.8 million passengers in 2009. Ciampino Airport is a smaller airport close to the city centre dedicated to servicing low cost carriers. Ciampino managed 4.8 million passengers in 2009.

 
   
  12 February 2010
  Press Statement - Gemina S.p.A.

 

In relation to certain news recently published on the press, Changi Airports International Pte. Ltd. ("Changi") confirms that Changi and Clessidra SGR S.p.A. are in discussion for Changi's acquisition of the participation indirectly held in the share capital of Gemina S.p.A. ("Gemina") with the aim at being part of the Shareholders’ pact as industrial partner and implementing a technical partnership with Aeroporti di Roma S.p.A.

For more information, please contact:
Changi Airports International
Email: info@cai.sg

About Changi Airports International

Changi Airports International (CAI) is an airport investor and manager. It has been involved in the development of various airports throughout the world. CAI’s portfolio concentrates on airport assets in emerging economies. These assets are targeted for their growth and value enhancement over a medium term horizon.  The portfolio is balanced with a component consisting of assets in the more mature airport markets. The most recent project is a 26% stake In India’s Bengal Aerotropolis Project Limited.

COMUNICATO STAMPA – Gemina S.p.A.

In relazione ad alcune notizie recentemente pubblicate sulla stampa, Changi Airports International Pte. Ltd. ("Changi") conferma che Changi e Clessidra SGR S.p.A. stanno negoziando l’acquisizione da parte di Changi della partecipazione indirettamente detenuta nel capitale sociale di Gemina S.p.A. ("Gemina"), al fine di divenire parte del patto parasociale quale partner industriale e instaurare un rapporto di collaborazione con Aeroporti di Roma S.p.A. su aspetti di natura tecnica.

Changi Airports International (CAI) è un investitore e gestore nel settore aeroportuale. Ha svolto un ruolo importante nello sviluppo di numerosi aeroporti nel mondo. Il portafoglio di investimenti di CAI è concentrato sulle attività aeroportuali nelle economie emergenti. L’obiettivo è determinare una crescita e valorizzazione di tali attività in un orizzonte di medio termine. Il portafoglio è bilanciato da una quota che consiste in investimenti in mercati aeroportuali più sviluppati. Il progetto più recente prevede una partecipazione del 26% nella società indiana Bengal Aerotropolis Project Limited.

Per maggiori informazioni, si prega di contattare:
Changi Airports International
Email: info@cai.sg

 
   
  2009 Releases

  17 December 2009
  Changi Airport Group and Chongqing Airport Group establish collaborative airports arrangement

 

Changi Airport Group (CAG) today signed a Memorandum of Understanding (MOU), establishing a collaborative airports arrangement with Chongqing Airport Group. The MOU paves the way for both parties to explore collaborations between the airports through joint projects and staff exchanges, on areas such as terminal management, route development and commercial management.

The MOU was signed in Chongqing, China, this morning by Mr Wong Woon Liong, Senior Director of CAG’s Changi Airport Advisory Group, and Mr Zhao Jiang Ping, General Manager, Chongqing Airport Group. It was witnessed by Ms Tong Xiao Ping, Vice Mayor of Chongqing Municipal Government.

At the same time, following its first commercial consultancy, Changi Airports International (CAI), CAG’s dedicated subsidiary for overseas ventures, has sealed two additional consultancy projects with Chongqing Airport Group for Chongqing Jiangbei International Airport. Chongqing Airport is a major air hub in China and one of China’s busiest airports. In line with the region’s economic growth, traffic at Chongqing Airport has grown rapidly in recent years. The two projects cover a review of Chongqing Airport’s passenger transfer operations and proposed improvements to its retail environment.

CAI’s first commercial consultancy for Chongqing Airport Group was in 2008. That project saw CAI increasing the airport’s commercial space by 30%, thereby improving the revenue potential of Chongqing Airport. With the latest projects, CAI hopes to raise service standards at Chongqing Airport and optimise its commercial revenue and efficiency in line with the airport’s growth potential.

Mr Lee Seow Hiang, Chief Executive Officer, Changi Airport Group, said, “Amidst the increasingly competitive airport industry, this MOU will strengthen the relationship between Changi and Chongqing and sets the stage for closer collaboration to grow the two airports. We look forward to even closer partnership with Chongqing Airport for mutual benefit.”

For more information, please contact:

Esther Ee (Ms)
Corporate Communications Manager
Changi Airport Group (Singapore) Pte Ltd
+65 6541 2101 (DID)
+65 9638 8505 (mobile)
esther.ee@changiairport.com

Ahfisah Rahman (Ms)
Manager
Changi Airports International Pte Ltd
+65 6541 1949 (DID)
+65 9796 9917 (mobile)
ahfisah.rahman@cai.sg

About Changi Airport Group

Changi Airport Group was formed on 1 July 2009 as a result of the corporatisation of Singapore Changi Airport. As the airport company managing Changi Airport, one of the world’s best airports, Changi Airport Group undertakes operational functions focusing on airport operations and management, commercial activities and airport emergency services. Through its subsidiary Changi Airports International, the Group invests in and manages foreign airports to spread the success of Changi Airport far and wide.

About Changi Airports International

Changi Airports International (CAI) is Changi Airport Group’s dedicated subsidiary for overseas ventures. CAI is an airport investor and manager. It has been involved in the development of various airports throughout the world. CAI’s portfolio concentrates on airport assets in emerging economies. These assets are targeted for their growth and value enhancement over a medium term horizon.  The portfolio is balanced with a component

consisting of assets in the more mature airport markets. The most recent project is a 26% stake In India’s Bengal Aerotropolis Project Limited.

About Chongqing Airport Group

Chongqing Airport Group was established in 2003 and joined Capital Airport Group in 2004. Its main business areas include airport management, property, ground transportation, information network, advertising, commercial and other services.

About Chongqing Jiangbei International Airport

Chongqing Jiangbei International Airport has ranked among the top 10 airports in China for five consecutive years. The airport is undergoing a major expansion which includes a new terminal of 80,000sqm and a new runway. When the expansion project is completed next year, Chongqing Airport will have a capacity of 30 mppa and 260,000 air traffic movement. Chongqing will start Phase III expansion next year. In the master plan by 2040, Chongqing Airport will have 4 runways and a handling capacity of 65 to 70 million, to achieve an international air hub status. The airport handled over 11 million passengers in 2008, a 7% growth from the year earlier. The airport handled 160,000 tonnes of cargo, a 12% increase from 2007.

 
   
  24 August 2009
  King Fahd International Airport managed by Singapore’s Changi Airports International sees healthy 7% traffic growth

 

Changi Airports International’s (CAI) contract with Saudi Arabia’s General Authority of Civil Aviation (GACA) to co-manage the King Fahd International Airport at Dammam, has yielded significant results. The S$65 million contract was inked in November last year and the Airport has since seen a boost in passenger traffic growth, airline networks and airline services. The airport received 2.22 million passengers in the first half of this year, an increase of 7% over the same period last year.

This positive traffic development was made possible through a consolidated KFIA-CAI effort, combining local insights and international best-of-class expertise to successfully leverage on route development opportunities and improved service standards.

Airlines which have increased their frequencies include Qatar Airways and Emirates, which raised frequencies by 43% and 40% respectively. Middle East Airlines has put on 4 additional weekly services from Beirut to Dammam for a total of 7 weekly services.

New airlines which commenced operations to KFIA during the first half of 2009, include NAS Air and Garuda. NAS Air, one of two low cost carriers in Saudi Arabia, commenced operations to Dammam on 1 st April 2009.

Mr. Wong Woon Liong, Chief Executive Officer, CAI, says GACA’s implementation of a very liberal aviation policy for Dammam also helped contribute to this recent success.“ GACA’s moves allow airlines to operate without any frequency restrictions to and through KFIA. I am proud that our collaboration has started in a positive note in these toughest of times. We hope to contribute more to KFIA’s success in the future not only in route development opportunities but in other areas as well.”

Engr. Khalid K. Almz’el, Director General, KFIA, adds “KFIA’s 7% passenger traffic growth is higher than that of other major international airports in the region. Such impressive numbers during this difficult time is testament to the strong origin-destination traffic potential of the Eastern Province and the efficient management of the Airport. This consolidates KFIA’s position as the de-facto gateway to the Eastern Province of Saudi Arabia.”

About CHANGI AIRPORTS INTERNATIONAL:

Changi Airports International (CAI) is an airport investor and manager. It has been involved in the development of various airports throughout the world. CAI’s portfolio concentrates on airport assets in emerging economies. These assets are targeted for their growth and value enhancement over a medium term horizon.  The portfolio is balanced with a component consisting of assets in the more mature airport markets. The most recent project is acquiring a 26% stake in India’s first aerotropolis.

About King Fahd International Airport

King Fahd International Airport, located in the eastern province of the Kingdom,is the largest airport in the world in terms of area, covering 780 km². Completed in 1999, King Fahd International Airport is the third major international airport in Saudi Arabia. The airport mainly serves Dammam, Dhahran, Khobar, Qatif, Ras, Tanura and Jubail.

  • In 2008, KFIA’s passenger and cargo throughput grew 7% and 17% respectively to hit 4.71 million passengers and 78,703 tons.
  • KFIA’s 5 year annual compounded growth rates from 2003 to 2008 for passenger and cargo throughputs are 8.7% and 9.8% per annum respectively.
  • KFIA is served by 22 passenger airlines and 3 cargo airlines
  • KFIA is served by more than 55 city links and more than 850 weekly flights.
 
   
  16 July 2009
  Changi Airport Group’s International Arm acquires a strategic stake in India’s first Aerotropolis The project marks the Group’s first overseas investment since its launch on 1 July 2009

 

Changi Airport Group’s international arm, Changi Airports International (CAI), has taken a 26% stake in Bengal Aerotropolis Projects Limited (BAPL). The project signifies CAI’s first investment in an Indian greenfield airport city project. 

The Durgapur Aerotropolis is India’s first aerotropolis project and its first privately owned merchant airport. The aerotropolis involves the setting up of an industrial park, a logistics hub, an information technology park and a township around the privately owned greenfield airport. BAPL has already entered into a Joint Venture Development Agreement with West Bengal Industrial Development Corporation, the West Bengal State Government nodal agency, for facilitating the implementation of the project. Overall, the project aims to attract about US$ 2.5 billion of investments.

CAI has in place a Technical Service Agreement (TSA) to support the planning and development of Durgapur Airport, and will enter into an Operations and Management Agreement (OMA) to assist in the management of the airport once construction is completed.

The comprehensive TSA will involve CAI providing a suite of technical services for the development of Durgapur Airport. Support from CAI will come in 4 phases spread over a period of 24 months. These include reviewing the Airport Master Plan, selecting consultants in the pre-construction phase, review of the detailed engineering design and drawings of the airport and the related infrastructure and preparations for operational readiness during the set-up phase of the airport opening.

The TSA also involves CAI facilitating the training of BAPL senior management in Singapore. The comprehensive training programmes aim to provide senior level managers of BAPL with an in-depth understanding of the complexities of running an airport.

The OMA will involve CAI deploying a resident team in Durgapur for the operations and management of Durgapur Airport. The resident team is expected to manage the landside, apron, commercial and operations activities in the airport.

Mr Wong Woon Liong, CAI’s Chief Executive Officer, says the strategic stake demonstrates CAI’s commitment in India. “The deal signifies an important step forward for CAI to participate in the growing Indian aviation industry. With this definitive milestone, we will use our expertise to support the expansion of the Durgapur Aerotropolis into a major industrialised area.”

Mr Lee Seow Hiang, Changi Airport Group’s Chief Executive Officer, says the deal sets a milestone for the Group. “We are excited to be a part of this significant development in the Indian aviation sector. We hope to inject our technical expertise and experience, drawn from over more than two decades of running Singapore Changi Airport - one of the world’s best airports - to help develop Durgapur Airport and its surrounding area to its fullest potential.” He adds, “The Durgapur Aerotropolis marks the Group’s first investment in an aerotropolis concept, and we believe the plan for this airport city will help deliver a vibrant new economic hub for the West Bengal region.”

Mr Arvind Pande, BAPL Chairman says, “CAI has an enviable track record and stands for the best in terms of experience and technology in this space and that is reflected in the number of successful projects they have executed.This alliance will add momentum to the Durgapur project and enable us to turn this into one of the most efficient airports in the country.”

About Changi Airport Group:

Changi Airport Group was formed on 1 July 2009 as a result of the corporatisation of Singapore Changi Airport. As the airport company managing Changi Airport, one of the world’s best airports, Changi Airport Group undertakes operational functions focusing on airport operations and management, commercial activities and airport emergency services. Through its subsidiary Changi Airports International, the Group invests in and manages foreign airports to spread the success of Changi Airport far and wide.

About Changi Airports International:

Changi Airports International (CAI) is Changi Airport Group’s dedicated subsidiary for overseas ventures. CAI is an airport investor and manager. It has been involved in the development of various airports throughout the world. CAI’s portfolio concentrates on airport assets in emerging economies. These assets are targeted for their growth and value enhancement over a medium term horizon.  The portfolio is balanced with a component consisting of assets in the more mature airport markets. The most recent project is a S$65 million contract to provide operations management services at the King Fahd International Airport (KFIA), Damman, in the Kingdom of Saudi Arabia. 

About Durgapur Aerotropolis

Durgapur Aerotropolis is India’s first Aerotropolis (an Airport City) in the Durgapur-Asansol region of Bardhaman district and is expected to attract about US$ 2.5 billion of investments. The aerotropolis involves the setting up of an industrial park, a logistics hub, an information technology park and a township around the privately owned greenfield airport. In the project’s 1st phase, the airport will be developed over 263 hectares, the supporting industrial and social infrastructure will be developed over 686 hectares.

About Durgapur – Asansol region

Durgapur-Asansol is one of the most centrally located industrial zones in eastern India.  While Asansol is fast emerging as a trade and commerce destination, Durgapur is emerging as a manufacturing, educational, IT and logistics hub.  Durgapur is the site of an integrated steel plant complex besides an alloy steel plant and is the major centre of coal mining.  The region is well served by a major railway and road network.

 
   
  2008 Releases

  18 November 2008
  Changi Airports International clinches S$65 million contract in Saudi Arabia. This is CAI's largest ever airport management contract

  Changi Airports International (CAI) today signed a S$65 million contract with the General Authority of Civil Aviation (GACA) of Saudi Arabia, to provide operations management services at the King Fahd International Airport (KFIA), Dammam, in the Kingdom of Saudi Arabia. The six-year management contract sets a new milestone as the largest management contract clinched to date by CAI in terms of size and length of contract. CAI was awarded the contract after a competitive bidding process launched by GACA in June 2007 where a total of ten leading airport operators were invited to participate.

The contract marks a strategic strengthening of CAI's presence in the Middle East. "It is a landmark deal for CAI. We are indeed privileged to be given this opportunity to help transform KFIA into a commercially and service oriented premier international airport. We are confident of achieving this by bringing about impactful developments for the airport, through leveraging on the Changi Experience." said Mr. Wong Woon Liong, Chief Executive Officer of CAI. He added, "This is the first time a foreign airport operator has been tasked to manage KFIA, in line with the Saudi Arabian government's decision to give the state-owned civil aviation sector greater autonomy. It shows that CAI's business model and airport management philosophies are recognised to be relevant and suitable for KFIA."

KFIA is the gateway to the Eastern Province of the Kingdom of Saudi Arabia, the largest province by landmass and population in the Kingdom. The airport has a current passenger capacity of 11 million a year, expandable to 16 million under its Phase 2 Master Plan. Under the terms of the six-year contract, an experienced team of Changi personnel will be stationed in Dammam to assist in the management and development of KFIA. The areas covered by the team would include passenger and cargo terminal operations, commercial and airport network developments and staff training.

About CHANGI AIRPORTS INTERNATIONAL:

Changi Airports International (CAI) is a wholly-owned subsidiary of the Civil Aviation Authority of Singapore (CAAS). CAAS owns, operates and manages Singapore Changi Airport. Singapore Changi Airport has earned more than 280 Awards, including "Best Airport - Asia" in the past 22 consecutive years. In 2007, Singapore Changi Airport was the sixth busiest international airport in the world, handling more than 37 million passengers.

As the overseas investment arm of CAAS, CAI has the ability to offer our partners the expertise and experience that has made Singapore Changi Airport what it is today.

CAI has been involved in the development of more than 45 airports throughout the world. CAI's portfolio concentrates on airport assets in emerging economies. These assets are targeted for their growth and value enhancement over a medium-term horizon. The portfolio is balanced with a component consisting of assets in the more mature airport markets.

The airports worldwide in which CAI has participated in have earned some of the most outstanding accolades in the industry including the "Best Airport in the Middle East and Africa (2006)", given by Airport Council International, and the "Best South American Airport (2005)", given by Skytrax World Airport Awards. Earlier this year, CAI was recognized as the "2008 Asia Pacific Airport Investment Company of the Year".

In the Middle East, CAI has completed an 18-month Operations Management Contract with the existing Abu Dhabi International Airport, with a capacity of 6 million and passenger volume of 5 million, in March 2008. CAI has also participated in reviewing the master plan of the new US$6 billion Midfield Terminal Complex. CAI has also completed the master planning of the King Hussein International Airport in Aqaba, Jordan.

About King Fahd International Airport

King Fahd International Airport, located in the eastern province of the Kingdom,is the largest airport in the world in terms of area, covering 780 km². Completed in 1999, King Fahd International Airport is the third major international airport in Saudi Arabia. The airport mainly serves Dammam, Dhahran, Khobar, Qatif, Ras, Tanura and Jubail. It is currently served by 23 passenger airlines.

Over the past seven years (2000-2007) the airport's passenger traffic has been growing at an average annual rate of 5%. In 2007, KFIA handled 4.4 million passengers, representing about 9% of the kingdom's total passenger traffic.

Year
Passenger (Thousands)
Cargo
(metric tons)
Aircraft Movements

2000

3,111

57,893

31,758

2001

3,060

56,405

31,278

2002

3,086

53,906

31,019

2003

3,110

49,367

30,861

2004

3,285

48,854

31,205

2005

3,459

50,422

32,146

2006

3,849

60,381

38,176

2007

4,395

67,211

48,305

 
   
  14 Mar 2008
  Changi Airports International Wins Frost & Sullivan's 2008 Asia Pacific Airport Investment Company of the Year Award

 

Changi Airports International (CAI) is pleased to announce that it has been named as the "2008 Asia Pacific Airport Investment Company of the Year" by global growth consulting firm Frost & Sullivan.

This is the first international award CAI has received since it launched its new business model in 2006. CAI will be receiving the Award at the 2008 Frost & Sullivan Asia Pacific Aerospace & Defense Awards ceremony on Friday 14 March 2008.

Commenting on the conferment of the Award, Mr LIM Chin Beng the Chairman of Changi Airports International said, "We are very pleased that Changi Airports International has been given the Award which recognizes the Company as a serious, innovative and successful investor in the development and operations of airports. With the assistance of the Civil Aviation Authority of Singapore (CAAS), CAI has built up a team of experts and they have made their presence felt in all the markets that CAI operates in. The market in many parts of the world for the development of new airports and improvements to existing airports is huge and this augers well for the future of CAI."

This Frost & Sullivan Award adds to the other accolades which have been conferred on CAI airports in the various markets – including that of Best Airport in the Middle East and the Best Airport in Latin America.

Syahril Nizan, Consultant, Frost & Sullivan said, "CAI's dynamic and progressive approach towards the pursuance of investment opportunities in the airport planning and development market has yielded many successful global ventures. The current involvement in several turnkey airport development projects in China and India will not only enhance CAI's reputation as the best airport investment company in Asia Pacific, but also as one of the best in the world. CAI's broad range of services - including airport management consultancy and operations training programs – is designed not only to raise airport operational efficiencies, but also lend value added services towards improving customer satisfaction. In recognition of CAI's dynamism, Frost & Sullivan awards it the Asia Pacific Airport Investment Company of the Year Award," adds Nizan.

Altogether, 21 Awards will be given out on 14 March 2008. The criteria used to select the Award Recipients were based on actual measurable performance of the companies in the market for base year 2007. The measured parameters include revenue growth, market share growth, demonstrated leadership, breath of solutions offered, major customer acquisitions, business strategy, market penetration, and increased brand recognition.

Frost & Sullivan, the GlobalGrowth Consulting Company, partners with clients to accelerate their growth. The company's Growth Partnership Services, Growth Consulting and Career Best Practices empower clients to create a growth focused culture that generates, evaluates and implements effective growth strategies. Frost & Sullivan employs over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 30 offices on six continents. For more information about Frost & Sullivan's Growth Partnerships, visit http://www.frost.com.

About CHANGI AIRPORTS INTERNATIONAL:

Changi Airports International (CAI) is an airport investor and manager. We have been involved in the development of more than 40 airports throughout the world. In each airport, we bring the expertise which has earned Singapore Changi Airport more than 280 Awards including that of "Best Airport of the World" for 20 consecutive years. The company's portfolio concentrates on airport assets in emerging economies. These assets are targeted for their growth and value enhancement over a medium term horizon. The portfolio is balanced with a component consisting of assets in the more mature airport markets. The Changi Group has managed more than USD 3 billion of capital expenditure at Changi Airport itself through the years as well as its separate investment activities in respect of a range of airports and airport-related assets. These cover Europe, Latin America and Asia. The most recent of these is the stake in Nanjing Lukou International Airport, the first such deal concluded in China by a foreign airport entity. Likewise, the airports worldwide in which Changi Airports International has participated have earned some of the most outstanding accolades in the industry including the "Best Airport in the Middle East (2007)", given by ACI, and the "Best South American Airport (2005)", given by Skytrax World Airport Awards.

 
   
  27 Feb 2008
  BAPL engages Changi Airports International for the upcoming Airport at the Durgapur Aerotropolis

 
  • BAPL signs a Technical Services Agreement (TSA) with Changi for the Greenfield airport at the Durgapur Aerotropolis
  • This would be India's first privately owned airport

Kolkata, February 27, 2008: Bengal Aerotropolis Projects Ltd. (BAPL) today signed a Technical Services Agreement (TSA) with Changi Airports International (CAI) for the upcoming airport within the Durgapur Aerotropolis project. This Greenfield project will be India's first privately owned airport, a part of the USD 2.5 billion Durgapur Aerotropolis.

This TSA was signed in the presence of Hon'ble Minister of Civil Aviation, Shri Praful Patel.

Under the agreement, CAI will play a crucial role in reviewing the master plan of the proposed airport and supervising the execution of the same. BAPL is also exploring to engage CAI to provide consulting services in the operation and management of the Airport that is part of the Durgapur Aerotropolis project.

Under the TSA, CAI will first carry out a detailed review of the proposed airport including a review of the airport capacity, land use plan, passenger terminal layout and development phasing of the air and land side of the Airport. The agreement also involves CAI in conducting training for senior management of BAPL personnel at the Singapore Aviation Academy. The training programs are targeted at introducing senior managers at BAPL to the technical aspects of developing and managing an airport terminal intended to spawn an aerotropolis.

Commenting on the alliance, Changi Airports International's Chief Executive Officer, Mr. Chow Kok Fong, said, "We believe this will be a promising project which will complement the capacity of the existing aviation infrastructure in West Bengal. We expect the Durgapur Aerotropolis to generate considerable economic momentum for this important region of the country."

Speaking on the occasion, BAPL's Chairman, Mr. Arvind Pande, said "Changi was a natural choice for us considering it comes with an enviable track record and stands for the best in terms of experience and technology in this space. This alliance will add momentum to this project of global standards and will definitely help in placing the Durgapur-Asansol region & Bengal on the global aviation map."

The Durgapur project is India's first Aerotropolis and would include the country's first private airport. The total land area of the Aerotropolis is approximately 950 hectares of which a minimum of approximately 300 hectares will be the used for the Airport. The airport is expected to be functional in the next 2.5 - 3 years and would have the ability to handle A-320 aircrafts. The total Investment of the project is worth approximately USD 2.5 billion or Rs. 10,000 crores and the project is expected to be completed in 5 years.

About Durgapur Aerotropolis:

Durgapur Aerotropolis is India's first Aerotropolis (an Airport City) in the Durgapur-Asansol region of Bardhaman district at an estimated investment of USD 2.5 billion. The project will involve setting up of a Greenfield Airport, industrial park, logistics hub, IT park with a supporting infrastructure like housing, tourism, healthcare and social interchange facilities. While the airport will be developed over approximately 300 hectares, the supporting industrial and social infrastructure will be developed over approximately 650 hectares.

About BAPL:

The Durgapur Aerotropolis project is being developed by a Special Purpose Company Bengal Aerotropolis Projects Limited (BAPL). BAPL is promoted by : Pragati Social Infrastructure & Development Limited (a JV company of Housing & Urban Development Corporation, HUDCO, a Government of India enterprise), Lend Lease Company (India) Limited, Citystar Infrastructures Limited and Pragati 47 Development Limited. BAPL has entered into a joint venture development agreement with West Bengal Industrial Development Corporation Limited ("WBIDC), for developing the Durgapur Aerotropolis comprising an airport, an industrial zone including an information technology park and a township in the Durgapur-Asansol region of Bardhaman district in West Bengal, one of the most progressive industrial zones in eastern India.

About CHANGI AIRPORTS INTERNATIONAL:

Changi Airports International is a global airport investor and manager. It has been involved in the development of more than 40 airports throughout the world. In each airport, Changi brings the expertise which earned Singapore Changi Airport more than 280 Awards including that of "Best Airport of the World" for 20 consecutive years. The company's portfolio consists of airport assets in both emerging and mature economies. The airport assets in the emerging economies are targeted for their growth and value enhancement over a medium term horizon. The portfolio in the more mature markets consists of airports which offer structural synergies with route development and business expansion of the company's assets in Asia. The Changi Group has managed more than USD3 billion of capital expenditure at Changi Airport itself through the years as well as its separate investment activities in respect of a range of airports and airport related assets. These cover Europe, Latin America and Asia. The most recent of these is the stake in Nanjing Lukou International Airport, the first such deal concluded in China by a foreign airport entity. Likewise, the airports worldwide in which Changi has participated have earned some of the most outstanding accolades in the industry including the "Best Airport in the Middle East" and the "Best Airport in Latin America".

For further information, please contact:
At Sagittarius:
Shiladitya Chaudhury @ 09830017953
At Image Inc:
Hena Jolly@ 09810294019
At CAI:
Ahfisah Rahman @ +65 65411949

 
   
  26 Feb 2008
  Changi Airports International signed a Memorandum of Understanding to invest and develop Vietnam's Phu Bai International Airport

 

Changi Airports International (CAI) has signed a Memorandum of Understanding (MOU) with the Middle Airports Authority of Vietnam (MAA) to invest, develop and operate Phu Bai International Airport in the city of Hue. This marks the first time a foreign investor will be working exclusively with Vietnam's aviation authority.

President S.R Nathan was the Guest-of-Honour at the signing of the MOU between Mr. Chow Kok Fong, Chief Executive Officer of CAI, and Mr. Hoang Thanh, Director General, Middle Airports Authority, Vietnam. President Nathan was accompanied by Dr Vivian Balakrishnan, Minister for Community Development, Youth and Sports, and Mr. Lee Yi Shyan, Minister of State for Trade and Industry.

Phu Bai International Airport is located in the City of Hue, which was the capital of Vietnam between 1744 and 1945. It is ideally situated as the gateway to Thua Thien Hue Province and the Middle Region. Hue is best known for its historic monuments, and has earned itself a place in UNESCO's World Heritage Sites. In 2007, the central government announced Hue as the Festival City and intends to develop Hue over the next 3-5 years as the Festival City of tourism and cultural heritage of Vietnam. The airport currently handles more than 500,000 passengers per annum and was designated Vietnam's fourth international airport in August 2007.

On the deal, Mr. Chow Kok Fong, Chief Executive Officer of CAI, said: "The airport is a critical component of Hue's tourism infrastructure and will generate the kind of economic momentum which Hue deserves. Following this signing, we hope to work closely with the Civil Aviation Administration of Vietnam (CAAV) to finalize the detailed agreement as soon as possible. We want to share with our counterparts here our experience in developing and operating Changi over the past quarter of a century, in particular, our airport management processes and route development expertise in raising the number of international flights. With the right infrastructure and promotion of the tourism attractions here, there is no reason why the passenger volume in this airport should not treble within 5 years."

About CHANGI AIRPORTS INTERNATIONAL:

Changi Airports International is a global airport investor and manager. It has been involved in the development of more than 40 airports throughout the world. In each airport, Changi brings the expertise which earned Singapore Changi Airport more than 280 Awards including that of " Best Airport of the World" for 20 consecutive years. The company's portfolio consists of airport assets in both emerging and mature economies. The airport assets in the emerging economies are targeted for their growth and value enhancement over a medium term horizon. The portfolio in the more mature markets consists of airports which offer structural synergies with route development and business expansion of the company's assets in Asia. The Changi Group has managed more than USD3 billion of capital expenditure at Changi Airport itself through the years as well as its separate investment activities in respect of a range of airports and airport related assets. These cover Europe, Latin America and Asia. The most recent of these is the stake in Nanjing Lukou International Airport, the first such deal concluded in China by a foreign airport entity. Likewise, the airports worldwide in which Changi has participated have earned some of the most outstanding accolades in the industry including the " Best Airport in the Middle East" and the " Best Airport in Latin America".

About PHU BAI INTERNATIONAL AIRPORT

Phu Bai International Airport serves as the key tourism gateway for Thua Thien Hue Province. Hue is best known for its historic monuments, and has earned itself a place in UNESCO's World Heritage Sites. It is the commercial and tourism hub in the centre of Vietnam. In 2007, the central government announced Hue as the Festival City and intends to develop Hue over the next 3-5 years as the Festival City of tourism and cultural heritage of Vietnam. The airport started in 1948. In the 1990s, it became a domestic civil airport until 31 Aug 2007 when it was declared as an international airport by the Vietnamese Ministry of Transport. Phu Bai International Airport is owned 100% by the Vietnamese government and comes under the Middle Airports Authority (MAA). Currently, the airport is served principally by Vietnam Airlines and Pacific Airlines. It also handles chartered flights from several countries in South East Asia.

BUSINESS ENVIRONMENT OF THUA THIEN HUE PROVINCE

With a position on the north-south national highway, Thua Thien Hue Province is one of five key economic areas in the central of Vietnam and a gateway for the East-West Corridor linking Thailand, Laos, Myanmar and Vietnam. Thua Thien Hue Province has a population of 1,137,962. In year 2007, GDP growth rate of the province is expected to be 15%. The Central Government has made special efforts to develop the central region of Vietnam, in particular this region because of its exciting tourism potential.

 
   
  12 Jan 2008
  Changi Airports International has emerged as the preferred bidder to manage and operate Saudi Arabia's King Fahd International Airport

 

Changi Airports International (CAI) is pleased to announce that it has been selected as the preferred bidder by the Kingdom of Saudi Arabia's General Administration of Civil Aviation (GACA) to manage and operate King Fahd International Airport (KFIA), in Damman. Negotiations are expected to be finalized over the next two months. Mr. Chow Kok Fong, Chief Executive Officer of CAI says, "I am very pleased that we have emerged as the preferred bidder for the project as it would signify CAI's second major airport management contract in the Middle East. The next step is to hold further discussions with GACA to finalize a contract that is at the best interests of both sides."

KFIA is the gateway to the Eastern Province of KSA, the largest province by landmass and population in the Kingdom. It is the world's largest airport in terms of airport land, covering 780 km², 10% bigger than the size of Singapore.

About CHANGI AIRPORTS INTERNATIONAL:

Changi Airports International (CAI) is a wholly owned subsidiary of the Civil Aviation Authority of Singapore. Its principal business is the investment and management of airports around the world. At the same time the company also provides airport planning and development consulting services and operational management services. CAI's airport planning and development division has undertaken airport master planning, development engineering and project management work for more than 40 airports over four markets. The company's airport management team provides operational management work of airports abroad drawing from the resources and institutional expertise of Singapore Changi Airport. Most of these consulting services are provided to airports in respect of which the company either (a) intends to eventually participate as an investor or (b) forms a strategic business relationship to invest in other airports.

CAI currently operates in four focus markets. In China, the company has formed a strategic partnership with Shenzhen Airport Group to develop a portfolio of regional airports across China. CAI has bought a 29% stake in Nanjing Lukou International Airport, which has a capacity of 10 million and passenger volume of 6 million in 2006. CAI was also involved in the development of the airport management and retail programs at Chengdu Airport and Qingdao Airport.

In India, CAI was involved in the review of the airport master plan and initiated a 100 day improvement plan for the operations of the Mumbai International Airport. It also has an agreement to develop the multi-modal international passenger and cargo hub at Nagpur Airport and has a joint venture with the TATA Group to participate in the next phase of the airport privatization program in the country.

In Russia, CAI has participated in a joint venture to provide consultancy services for the operation of Terminal C of Sheremetyevo Airport with effect from 1 July 2007. Terminal C started operations in March 2007 and has a capacity of 5 million.

In the Middle East, CAI is currently involved in the operation of the existing Abu Dhabi International Airport with a capacity of 6 million and passenger volume of 5 million in 2006. CAI has also participated in reviewing the master plan of the new $6 billion Midfield Terminal Complex. CAI has also secured the master plan contract for the development of the King Hussein International Airport in Aqaba. Jordan.

 
   
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