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Airport concession.


U.S.-based Ogden Ogden, city, United States
Ogden, city (1990 pop. 63,909), seat of Weber co., N Utah, at the confluence of the Ogden and Weber rivers; inc. 1851. Aerospace industries and Hill Air Force Base are the major employers.
 Corp. led a consortium that landed a 20-year concession worth US$400 million to design, finance and renovate four international airports in the Dominican Republic List of airports in the Dominican Republic, sorted by location. A list of airports in Dominican Republic, the east part of an island in the central Caribbean.

Dominican Republic has 10 international airports with flights to the Caribbean and others destinations.
. The consortium will spend at least $200 million over the next two years on the project. The other consortium members are Vancouver Airport Services, of Canada; Impregilo, an Italian construction company; and, Operadora de Aeropuertos del Caribe, a Dominican-owned conglomerate conglomerate, in business
conglomerate, corporation whose asset growth, often very rapid, comes largely through the acquisition of, or merger with, other firms whose products are largely unrelated to each other or to that of the parent company.
. Ogden owns a 32% stake in the consortium. The Dominican concession is the third such privatization privatization: see nationalization.
privatization

Transfer of government services or assets to the private sector. State-owned assets may be sold to private owners, or statutory restrictions on competition between privately and publicly owned
 deal awarded to Ogden and its partners. The others were Argentina's 33 airports, the region's biggest deal in 1998, and a smaller venture in Colombia.
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Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Author:Bustos, Sergio R.
Publication:Latin Trade
Geographic Code:5DOMN
Date:Jun 1, 1999
Words:110
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