Airport concession in Burgas and Varna

Airports in Burgas and Varna go to the record, airports in Varna and Burgas, airports in Burgas and Varna

The other day it became known that the concession of airports in Burgas and Varna has been extended for 5 years, the amount of investments that the concessionaire will have to spend by 10 million euros has also been increased.

According to bourgas.ru, recently it became known that the concession of airports in Burgas and Varna has been extended for 5 years, the amount of investments that the concessionaire will have to spend by 10 million euros has also been increased.

The concession period for airports in Burgas and Varna has been extended until November 10, 2046. This decision was made by the government at a meeting yesterday.

The concessionaire Fraport Twin Star Airport Management AD undertakes to make additional investments totaling 10 million euros in the concession facilities. Thus, the investments that the concessionaire will make will amount to 413 million euros.

The concessionaire’s proposal to amend the contract is due to the new crisis economic conditions caused by the ongoing COVID-19 pandemic and the military conflict between Russia and Ukraine, which have led to a serious drop in passenger traffic. The concessionaire indicates that these crisis factors directly affect the aviation sector and have a significant negative impact on its activities as an operator of two airports.

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