6-Sep-2011 10:41 AM

Spain's Development Ministry says seven groups will bid for Madrid Barajas and Barcelona El Prat

Spain's Development Ministry and Aena Aeropuertos stated (05-Sep-2011) seven groups have signed up for the privatisation of Madrid Barajas and Barcelona El Prat, Spain's two major airports, with bids expected to raise more than EUR5 billion. Six bidding groups signed up for Madrid Barajas and another six for Barcelona El Prat. Spain expects to award licences for the two airports to two separate and competing companies. It seeks to raise around EUR3.7 billion for Barajas and EUR1.6 billion for El Prat. Details include:

The seven groups have submitted documentation certifying experience in managing airports handling more than 25 million passengers p/a in 2010, and more than EUR3 billion in assets. Those cleared by the government will have access to data rooms with information on the two airports. Both airports will be operated by private companies over a 20-year period, with an option for a five-year licence extension. The government seeks to grant operating licenses for the two airports by the end of Nov-2011. [more - original PR in Spanish]

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