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A Chinese consortium takes over Plovdiv Airport

The consortium between the Chinese company "Hainan" and "Plovdiv Airport Invest" was designated as a concessioner at Plovdiv Airportfollowing a procedure. This was announced by the Council of Ministers. By its decision the Government authorizes the Minister of Transport, Information Technology and Communications to conclude the concession contract within two months of the entry into force of the decision.
 
The concession is for 35 years and for that period the concessionaire undertakes to make investments in the site amounting to  EUR 79 083 000. The funds are for the repair, maintenance and rehabilitation of the existing infrastructure, as well as the construction of new facilities.
 
After the grace period of 48 months, for each calendar year the concessionaire will make a payment consisting of a fixed and a variable part. A fixed part amounts to BGN 600 000 excluding VAT, and a variable part represents 6% of the total net income from all activities of the respective year related to the use of the concession object.

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