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Russian and foreign consortia gather for St Petersburg concession

8-Aug-2008

St Petersburg, home city of both Russian President Dmitry Medvedev and Prime Minister Vladimir Putin, has enjoyed record investment and a construction boom in the last few years. Now a project is in hand to expand the main airport dramatically. [1432 words]

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Subheadings:

  • Size matters
  • No obvious favourite at this stage
  • Some local participants ‘created’ for the purpose?
  • Macquarie not a bidder, but Renaissance Fund could be employed
  • Estimated income of USD5-10 billion
  • Mixed messages for investors
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