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NEWS Last modified on November 22, 2011

Consortium wins €77m Bulgarian airports contract

Bulgarian-Turkish consortium, TIE- İÇTAŞ, has won the €77 million contract to build new passenger terminals at Burgas and Varna airports.

Bulgarian-Turkish consortium, TIE- İÇTAŞ, has won the €77 million contract to build new passenger terminals at Burgas and Varna airports.
 

Airport operator Fraport Twin Star Airport Management, has awarded the contract to build the new passenger terminals to TIE- İÇTAŞ – a consortium made up of Turkish construction company İÇTAŞ Holding, and Bulgarian firm Technoimportexport.
 

Work on the new terminals at Varna and Burgas airports is expected to start next month (December 2011) and both projects are due to be completed by Summer 2013.
 

When finished, the capacity of the new terminal at Burgas Airport will increase to 2.7mppa while Vargas will see capacity jump to 1.8mppa.
 

The project will also include the construction of new retail areas and open spaces at the gateways as well as a new baggage handling system.
 

Meanwhile, the new terminal at Burgas will have 31 check-in desks and the one at Varna Airport will have 25.
 

Both airports are operated by a German-Bulgarian consortium, which comprises of Fraport and Bulgarian logistic company BM Star.
 

During the 35-year concession period Fraport Twin Star Airport Management will operate and invest in the development of both costal airports.
 

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