German airport operator Fraport opened on Wednesday a new terminal at the Burgas airport on the Bulgarian Black Sea coast, the transport ministry said.
Fraport has invested 80 million levs ($55.6 million/40.9 million euro) in the design and construction of the new terminal and in the infrastructure of the Burgas airport, deputy transport minister Georgi Todorov said, as quoted in a press release of the ministry.
In 2006, Fraport Twin Star Airport Management, a 60/40 joint venture of Fraport and Bulgarian company BM Star, won a 35-year concession to manage the coastal airports of Burgas and Varna.
This is the third major investment that Fraport Twin Star Airport Management has made in Bulgaria over the past two years following the reconstruction of a runway and the construction of a new terminal at the Varna airport. The company has invested some 200 million levs in total in the three projects, the ministry said.
In November 2011, upon the signing of a turnkey contract for the construction of the terminal with Bulgarian-Turkish consortium TIE-Ictas, Fraport Twin Star Airport Management said the new 20,000-square metre terminal in Burgas will have 31 check-in desks and the capacity to process 2.7 million passengers annually.