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Changi consortium wins Vladivostok Airport bid

Staff writer |
The consortium comprising the Russian Direct Investment Fund (RDIF), Changi Airports International (CAI), and Basic Element has been announced as the winner of the tender to acquire shares in Vladivostok International Airport in Russia's Far East.

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Each member will hold an equal share in the consortium.

The consortium's bid was recognised as the best based on the strength of the technical, legal and financial components in the submission. The transaction will be closed after regulatory approvals are received.

Vladivostok International Airport is strategically important for the development of the air transportation system in the region due to its geographical location – the crossing of two air routes between the Russian Far East and the Asia Pacific region.

In 2012, the aerodrome at Vladivostok International Airport underwent large-scale modernisation and a new terminal construction and is since able to receive all types of aircraft. The upgraded infrastructure has also enhanced the travelling experience of passengers.

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