Tuesday 6 March 2012

Dubai eyes funds for airport, goes slow on new facility | Alrroya

Dubai is examining ways of raising finances to expand its aviation infrastructure, a plan focused on its existing airport as it goes slow on a $34 billion new facility designed to become the biggest in the world.

The emirate is in talks with external consultants to come up with a structure to access the financial market, Dubai Airports Chief Executive Paul Griffiths told Reuters in an interview.

"They are going to come up with a structure that will enable us to access the financial market in the most cost-effective way, which we've not been able to do as a purely government-owned department," he said.

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