Business News
French-Turkish consortium to run Kosovo airport for 20 years
May 14, 2010, 13:01 GMT
Pristina- Kosovo on Friday gave a 20-year concession contract to a French-Turkish consortium to run the country's only airport.
The Limak-Aeroport de Lyon consortium won a 100-million-euro (127 million dollars) bid. The consortium will modernize the Pristina airport and build a new terminal there.
'The investment in the Pristina International Airport is very important for Kosovo's infrastructure,' Kosovo Prime Minister Hashim Thaci told reporters.
'The consortium will invest in the airport, while the citizens and the passengers will benefit from a new terminal,' he added.
The consortium offered 39.42 per cent of gross revenues in exchange for the contract. It beat out two competitors: the German- Turkish group Fraport-ICTAS and an international consortium, Bouygues-Batimes-Egis-PAIC.
Pristina airport makes an annual profit of about 14 million dollars and handles some 1.2 million passengers each year.
COMMENT
blog comments powered by DisqusLatest Headlines in Business
- 1. US unemployment drops further, but figures disappoint
- 2. Japan stocks down as euro debt outweighs positive US data
- 3. Iraq resumes oil flow after pipeline blast in Turkey
- 4. Spanish bond auction lifts eurozone worries, sinks Japan stocks
- 5. ECB holds rates, rules out early exit from emergency measures
Older Talkback
