Privatizations And Tournaments Lure Changi Airports To Russia Again

BMI View: The announcement of the Russian and Singaporean airport joint venture is in line with our bullish infrastructure forecast for the country ahead of the 2014 Winter Olympics, and the 2018 FIFA World Cup. On the one hand, the joint venture is an important step forward in the government's strategic plan towards attracting private equity co-investments in Russia. On the other hand, the partnership is an important step for Changi Airport Partners to penetrate into the Russian airport sector ahead of airport privatizations.

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