TAV and Sigma to build airport in Bali, Indonesia

Turkey's Tepe Akfen Ventures (TAV) and Sigma Sembada Group signed an initial agreement on 30-Jun-2010 for the construction of a new airport at Singaraja, Bali, with an investment of USD500 million (Antara News, 06-Jul-2010). Sigma and TAV will establish a joint venture company to build the project on a build, operate and transfer (BOT) scheme. Sigma is seeking cooperation with PT Angkasa Pura to construct or expand a number of airports in Indonesia.