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May 13, 2012

Vnukovo-Invest to build second runway at Russia’s Domodedovo airport

Vnukovo-Invest, a co-owner of Vnukovo airport in Moscow, Russia, has offered to build a RUB27bn ($893.1m) second runway at Domodedovo airport.

Domodedovo Airport, Moscow, Russia

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Vnukovo-Invest, a co-owner of Vnukovo airport in Moscow, Russia, has offered to build a RUB27bn ($893.1m) second runway at Domodedovo airport.

The company, which currently owns a 25% stake in Vnukovo Airport, has expressed interest in carrying out construction on the runway, following a concession agreement.

Russian Transport Ministry had proposed to build the second runway in April 2012.

Vnukovo-Invest is also seeking control over the neighbouring tracts of land, which the company wants to create space for new terminals and fuelling stations for better return on its investment.

In a bid to attract private investors, the Russian government has already committed RUB15bn ($496.2m) for the construction of the second runway.

Domodedovo press-service was cited by Kommersant as saying: "Domodedovo airport is ready to examine any possible legal ways to facilitate a private-public partnership under the non-discriminatory approach to all Moscow airports."

The proposal from Vnukovo-Invest follows the Russian government’s plan to merge the three Moscow airports, which include Domodedovo, Sheremetyevo and Vnukovo, into one air hub and to establish united management.

The Russian government is expected to announce a tender by the end of this month to appoint a foreign consultant to provide a strategy for the consolidation of the airport assets.

Currently, the Russian government owns an 82% stake in Sheremetyevo airport, 25% in Vnukovo International Airport and 75% in Vnukovo.

Work on the project is expected to begin immediately, depending on the completion of the concession agreement.


Image: Work on the project at Domodedovo is expected to begin immediately, following the completion of concession agreement. Photo: courtesy of Moscow Domodedovo Airport.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
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