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Spain airports July traffic up 6.7 pct on year

Source: Reuters - Wed 10th Aug 2011

Spanish airports' passenger traffic rose 6.7% in July from a year ago, with Barcelona's El Prat airport recording a 21.3% increase, airports' operator AENA said on Wednesday.

Spain is in the process of privatising both El Prat and Madrid's Barajas airport, where passenger traffic slipped 0.4% in July year-on-year, in a move aimed at raising extra revenues to cut the debt-laden country's borrowing needs.

The government said in July that it has set a floor price of 3.7 billion euros for the sale of Barajas airport and 1.6 billion for El Prat.

The sales are expected to take place before the end of the year.

Spanish infrastructure companies like Abertis and Ferrovial have expressed interest in the privatisation.

In addition, the government also plans to privatise Spain's control towers and sell off 49% of loss-making AENA, a state holding company that runs 47 airports in Spain and - directly or indirectly - 28 others around the world.

AENA's total worth is estimated at 30 billion euros.

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