A joint venture set up by ChangiAirport Management and SheremetyevoInternational Airport plans toparticipate in the management of tenairports in the Russian Federation.

Changi has already become a consultantof the Pulkovo reconstructionproject and plans to co-operate in themanagement of the southern airportsowned by Basic Element.

Sheremetyevo International Airportand Changi Airports International arein the process of setting up a jointventure to manage the first terminalof the Moscow airport.

The joint company with Changi willundertake commercial terminal managementand the airport will undertakehandling (ground aircraft services)together with SAS.

The new joint company plans tomanage Sheremetyevo-2 and participatein the tender to assign a managementcompany for Sheremetyevo-3.