GMR readies bid for Filipino project

GMR Infrastructure aims at bidding for a $400 mn airport upgradation project in the Philippines. Last year, the Philippine government had invited bids to upgrade the Mactan-Cebu International Airport. As part of this, GMR Infrastructure has formed a 51:49 JV with a publicly held company Megawide Construction Corp.TAPI from Kazakh The Indian government has presented a concept of the proposed Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline that could later be expanded to the territory of Russia. The Central Government wants the pipeline project to begin from the Kazakhstan border, more specifically from Shymkent (a southern city of Kazakhstan) and continue into the terrirtory of Uzbekistan.