Russia to Privatise International Airport in 2013

2 November 2010 (Last Updated November 2nd, 2010 18:30)

Russian Transport Minister Igor Levitin has said Sheremetyevo International Airport in Moscow will not be privatised before 2013. Levitin said Sheremetyevo airport, which is wholly owned by the Russian Government, was not included in the government's medium-term privatisation programme.

Russian Transport Minister Igor Levitin has said Sheremetyevo International Airport in Moscow will not be privatised before 2013.

Levitin said Sheremetyevo airport, which is wholly owned by the Russian Government, was not included in the government's medium-term privatisation programme.

First Deputy Prime Minister Igor Shuvalov said that a decision will be taken considering the development of the entire Moscow air hub system, including Domodedovo International Airport and Vnukovo International Airport.

Credit Suisse and Troika Dialog will work as consultants to work out a strategy for Sheremetyevo airport's privatisation after its assets are consolidated.

The Russian Transport Ministry is in talks with East Line, which operates Domodedovo International Airport in Moscow to construct a third runway, according to RIA Novosti.

The new runway, to be built between 2013 and 2015, will cost around RUB20.1bn ($660m).