24-Jan-2012 10:25 AM

Spain halts Madrid Barjas and Barcelon El Prat airport privatisations; to introduce new mgt model

Spain's Infrastructure Minister Ana Mato stated (23-Jan-2012) the new government (which took power in Nov-2011) has suspended plans to privatise Madrid Barajas and Barcelona El Prat airports after failing to receive satisfactory offers from interested companies. Spain's previous administration had an initial asking price of EUR3.7 billion for Madrid Barajas and EUR1.6 billion for Barcelona El Prat, and was seeking 20% of annual income over 20 years. Ms Mato said that in addition to difficulties arising from the current economic climate, privatisation would also weaken the position of AENA and create unnecessary competition between the two airports. Ms Mato said the new conservative government was working on its own model of airport management. She added the new model would take into account the autonomous communities in the planning of future airports. [more - original PR - Spanish]