Westminster Group gives update on East African airport project

25th Jul 2014 08:53

AIM-listed Westminster Group confirms its East African airport project is taking longer to finalise than expected due to the government's internal process.The firm's Chief Executive Officer (CEO), Peter Fowler, who has been in talks with ministers involved in the development, said the project is still very much "an active opportunity." The group signed a heads of terms agreement for the unnamed airport towards the end of 2012.Westminster's CEO said: "The timescales involved in negotiating projects differ in each case and are not necessarily indicative of other contractual discussions we are involved in."As of 08:46 the share price had risen 0.96% to 52p.WS