Croatia awards Zagreb airport concession to French consortium ZAIC.

By bne IntelliNews March 1, 2012
Croatia's government has awarded a 30-year concession on the Zagreb airport to French consortium Zagreb Airport International Company (ZAIC), news agency HINA reported, quoting transport minister Zdenko Antesic as saying. The concession includes the construction of a new passenger terminal, as well as the operations and management of the existing terminal and the future one and their infrastructure. The concession fee for the whole period is estimated at EUR 1.94bn, Antesic said. The consortium is expected to build the terminal in three years. It will be able to handle five million passengers a year. The total capital investment in the first stage is estimated at EUR 236mn. Domestic companies Viadukt and Zagorje Tehnobeton will be engaged in the construction works. We note that the Zagreb Airport trade unions said last month that the government's decision to accept the bid of ZAIC for the concession was a mistake. The concession model was wrong and damaging for the airport's development, the union has said, adding they have expected the government would have cancelled the tender since the airport could finance its expansion via own sources. ZAIC, controlled by Aeroports de Paris and industrial group Bouygues in cooperation with local partners, filed the sole valid bid last year in Croatia's tender to award concession on its Zagreb Airport. A second bid, filed by a consortium of Swiss airport operator Flughafen Zurich and Austria's Strabag was declared invalid since a lot of the required information was missing.

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