21-Jan-2013 2:09 PM

Chicago Midway Airport releases request for qualifications for privatisation

US' City of Chicago released (18-Jan-2013) a Request for Qualifications (RFQ) regarding a long-term management agreement and land lease for Chicago Midway International Airport following preliminary approval from the US FAA with the lease to be for a maximum of 40 years. All applications must be submitted by 22-Feb-2013 with the funding raised from the airport's privatisation to be used to pay off USD1.4 billion in debt from the airport's 1996 modernisation. City of Chicago previously attempted to privatise Chicago Midway in 2009 in a USD2.5 billion, 99 year lease which collapsed during the GFC. [more - original PR - Chicago Midway] [more - original PR - FAA]