Bolivia Planning State Takeover of Airports-Report

30 June 2008


Bolivia's leftist government is preparing a state takeover of the country's three biggest airports, currently run by a subsidiary of Spain's Abertis, a local newspaper reported on Friday.

President Evo Morales has increased state control over the economy since taking office in 2006, nationalizing the vital energy sector and more recently taking control of Italian-owned Entel, Bolivia's biggest telephone company.

Daily newspaper La Razon said Morales was planning a similar move on the airports serving the main cities of La Paz, Santa Cruz and Cochabamba.

"The (the concessionary) company hasn't invested adequately," Fernando Azuga, technical director of state-run airport authority AASANA, was quoted as saying by the newspaper, referring to the Abertis subsidiary SABSA.

Morales' government accused Entel of failing to invest before the president decreed its takeover earlier this year.

AASANA, which runs the Andean country's other airports, would take control of the three airports that have been managed by SABSA since 1997, the newspaper said.

It quoted SABSA's Managing Director, Anthony Alicastro, as saying returning the airports to state control would be "unwise ... when new investments are about to be made".

SABSA is part of British airport operator TBI, which is in turn managed by a company owned by Abertis and Aena Internacional, also of Spain.

No one at Abertis or SABSA could immediately be reached to comment.

By Carlos Quiroga, Reuters


Post to:
Delicious  
Digg  
reddit  
Facebook  
StumbleUpon  


Home
New On This Site
Products & Services
Company A-Z
Industry Projects
Special Reports
White Papers
Jobs & Careers
Industry News
Events & Exhibitions
Newsletter Archive
Newsletter Sign-Up
Advertise With Us
About Us
Client Area


RSS What is RSS
The website for the airport industry