GMR Infra, an Indian Infrastructure company, has tied up with low-fare carrier Thai AirAsia in an effort to bid for the USD 2 billion expansion project of the U-Tapao airport in Thailand.
For the U-Tapao airport bid, the consortium also includes Property Perfect Plc and Grande Asset Hotels and Property Plc., a Thai property and hotel development group.
The expansion of the airport is one of several mega projects which the Thai government is undertaking as part of its Eastern Economic Corridor (EEC) plan to develop the area as a prime economic zone for the ASEAN region. Examples of megaprojects under the EEC plans include the high-speed rail links between U-Tapao airport and the two main airports of Bangkok, and between U-Tapao airport and the main center of Bangkok city.
(Source: The Economic Times)