Montenegro to call tender for international airports concession in early February

Montenegro to call tender for international airports concession in early February
Montenegro's Tivat Airport.
By bne IntelliNews January 20, 2020

Montenegro will call a tender for concession on its two international airports in the first week of February, Transport Minister Osman Nurkovic told reporters on January 20 as quoted by Portalanalitika.me.

In October, the government invited interested companies to file non-binding offers and picked four companies that will be invited to submit binding offers: South Korea's Incheon International Airport Corporation; India's GMR Airports; Luxembourg's Corporacion America Airports; and a consortium of France's Groupe ADP and Turkey's TAV.

According to Nurkovic, the tender should be called within 20 days and the four companies will have 60 days to file their offers. However, he also said that, if requested by the candidates, this deadline might be extended.

According to the initial criteria, the selected winner will have to pay the state €100mn in advance for the concession and pay at least 10% of the airports’ annual revenue to the state during the period of the concession.

The winner will also be obliged to invest at least €80mn in the airports’ modernisation in the first three years and a total of €200mn during the whole period of concession.

Related Articles

Montenegro’s new ruling majority elects parliament speaker, nominates PM

Montenegro’s new ruling coalition elected one of its political leaders, Aleksa Becic, as parliament speaker, and nominated one of its members, professor Zdravko Krivokapic, as the next prime ... more

Russia denies interfering in Montenegrin election

Russia has denied accusations of interfering in Montenegro’s general election on August 30 when a coalition led by pro-Russian Democratic Front gained enough votes to be able to form a coalition ... more

New attempt at compromise between Montenegro’s government and Serbian Orthodox Church fails

A new round of talks between Montenegro’s government and the Serbian Orthodox Church (SOC) have ended without progress after the two parties failed to agree to a compromise, Prime Minister ... more

Dismiss