23 May 2007

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MIA likely to invest in new Sicily airport

Charlot Zahra

Flughafen Wien, the Austrian company running the Malta International Airport (MIA) has been mentioned as one of the investors in a new airport in Sicily, BusinessToday has learnt.
Other possible investors in the new airport, which will be built at Valle dei Templi in Agrigento, are Venetian company Save, which is quoted on the Milan Stock Exchange, and the Milo Radici group.
Private investors will make up around half of the 70 million Euros investment, with the regional administration in Sicily forking out the remaining half.
A joint venture has already been set up between the Chamber of Commerce of Agrigento and the provincial government to issue the tenders and manage the construction works.
Works on the new airport are expected to start next year and they will take around 20 months to complete.
This will be the fifth airport in Sicily. The other four are situated in Catania, Palermo, Trapani and Comiso, which was recently destined back to civilian use after hosting a NATO airbase there.
Flughafen Wien AG owns a majority shareholding of 57 per cent in Malta Mediterranean Link Consortium Ltd (MML), the company holding 40 per cent of MIA. The other shareholders in MML are SNC-Lavalin Inc .with 39 per cent, and Airport Investments Limited, an associate company of the Bianchi Group of Companies.

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