Concession
In 2008 the Macedonian government signed a contract with the Turkish company Tepe Akfen Ventures (TAV) for a twenty year long concession during which this company would manage Macedonia's two existing airports in Ohrid and Skopje. The planned works include the construction of a new airport terminal building in Skopje, extension of the runway, new administration building, and new access road with parking facilities increasing the capacity of Skopje Airport to four million passengers per year with plans to turn Skopje Airport into a major transit and cargo hub for Southeast Europe. Ohrid airport will have its terminal building and VIP sections modernized. The concession contract also includes the construction of a third airport intended for cargo transport near the eastern Macedonian town of Štip which eventually would be transformed into Macedonia’s main airport. The total amount of the foreseen investment is 200 million Euros with 30 to 40 million Euros total concession payments to the Macedonian Government over the 20-year concession period. Tepe Akfen Ventures Airport Holding is one of the world's fastest expanding airport operators currently managing the Turkish airports of Istanbul, Ankara, Izmir and Antalya along with Tbilisi in Georgia, and Monastir in Tunisia. TAV is also bidding to take over the management of Ruzyně International Airport and Riga International Airport.
Read more about this topic: Ohrid "St. Paul The Apostle" Airport
Famous quotes containing the word concession:
“Let the amelioration in our laws of property proceed from the concession of the rich, not from the grasping of the poor. Let us understand that the equitable rule is, that no one should take more than his share, let him be ever so rich.”
—Ralph Waldo Emerson (1803–1882)