Tuesday, August 10, 2010

Frankfurt, Zurich and Vienna vie for Zagreb Airport concessions


Frankfurt, Zurich and Vienna airports are interested in becoming concessionaires of the Zagreb Pleso airport where a new passenger terminal is planned.The Croatian government decided against co-financing between the State and the City of Zagreb in favour of a concessionary model, the portal Business writes.The director of Zagreb's airport Tonci Peovic hopes that the concessionaire would be selected by the end of the year. The necessary documents should be ready by 15 October, after when the government is expected to announce the tender.The companies that have won the tender for the conceptual design of the new terminal have lowered their initial cost estimates from 220 million Euros to between 150 and 170, a price more suitable to the potential partners, Peovic said. Zagreb Airport would contribute between 20 and 30 per cent toward the cost of construction.Few other airports have expressed interest in becoming concessionaires, Peovic added without disclosing which ones.The construction of the passenger terminal is expected to start in 2012 and the project could be completed by the end of 2014 or beginning of 2015.Expecting a growth in traffic, however, the airport is expanding the current building as it waits for the construction of a new terminal. The expansion is estimated at 5.5 million Euros financed by a loan that Croatia Airlines will pay back even though the company already owes the airport double the amount. The rest of their debt they will pay back in land for the terminal's construction.

Zagreb_Airport

Source: Croatian Times Online News

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