Global Airport News

The planned new international airport in Lisbon will require 3.3 billion euros ($4.47 billion) in investment, state-run Naer company said on Tuesday after presenting the final study for the project.

"It's all set (for the tender)," Naer chief Carlos Madeira said, adding that the schedule for the tender now depended on the government. Government officials have said they expect to launch the bidding process in the second quarter of 2009.

Under the plan, the airport authority, ANA, will be privatised by selling off a majority stake. The winning company will also build the airport using its own resources, plus government and European Union funds.

Madeira said the environmental study for the airport project would probably be conducted simultaneously with the tender, and expected the results of the study to be ready by end-2009.