German-led consortium in pole position for Russian airport(5)

The Northern Capital Gateway consortium led by Fraport, the operator of Frankfurt airport, is preferred bidder to operate Pulkovo Airport, Russia's fourth largest airport.

Frankfurt airport operator Fraport says the consortium it is leading has become preferred bidder to take over the concession for Pulkovo Airport in St. Petersburg, Russia’s fourth largest airport hub.

The firm said Fraport was “well positioned” to assume responsibility for operating Pulkovo in 2010 having seen its Northern Capital Gateway consortium assume pole position in the tender.

Fraport, which owns 35.5 percent of the bidding vehicle, added it had edged out two other competing consortia.

“We are optimistic to be awarded the contract following the final negotiations,” said Fraport executive board chairman, Wilhelm Bender. 

Pulkovo Airport

Up for grabs is a 30-year concession contract for developing, modernizing and operating the airport in Russia's second largest metropolis is expected to be inked  by the end of the 2009. Phase one of the concession will focus on constructing a passenger terminal, expanding ramp areas, developing real estate, and modernizing the existing airport infrastructure.

The Northern Capital Gateway consortium is comprised of Russian financial institute VTB and Greek conglomerate Copelouzos Group.

Scheduled and charter airlines link Pulkovo Airport with approximately 230 destinations. With a population of about 5 million people and some 3.5 million tourists last year, St. Petersburg is well on its way to becoming one of Europe's most popular tourist destinations, added Fraport.