ADP-led Tie-up Offers Highest Concession Fee to Run Bulgaria's Sofia Airport

ADP-led Tie-up Offers Highest Concession Fee to Run Bulgaria's Sofia Airport

A consortium comprising France's Aeroports de Paris (ADP) and its unit TAV Havalimanlari Holding has proposed the highest concession fee in Bulgaria's tender for awarding a 35-year contract to run Sofia Airport, the transport ministry said on Thursday.
The ADP-led consortium is offering an annual concession payment of some 32.8 million euro ($36.7 million) and plans to invest 903 million euro over the term of the concession, the transport ministry said in a statement.
The second highest concession fee was proposed by a consortium also led by a French company - Meridiam Eastern Europe Investments. The consortium is offering to pay a fee of 24.5 million euro per year but also offered the lowest planned investments, of 608 million euro.
A consortium led by Manchester Airport Group Overseas Investments Limited and including BCEGI Construction announced the highest planned investments in Sofia Airport - 1 billion euro. However, the consortium also proposed the lowest concession fee - 19.9 million euro per year.
Fraport Bulgaria offered a 21 million euro annual concession fee and 615 million euro of investments.
The last offer, submitted by a consortium led by Swiss-based SSB Sauerwein & Schaefer Bau, envisages an annual concession fee of 26.1 million euro. The consortium did not provide information regarding its planned investments.
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