Bulgarian airports ruling expected

By Administrator |

Bulgaria’s Supreme Administrative Court has said that it will give judgement in a month’s time on whether Denmark’s Copenhagen Airports (CPH) can proceed with its E526m ($631.7m) concession deal to run the country’s two coastal

Bulgaria awarded CPH a 35 year concession deal to run and modernize the airports in the Black Sea cities of Bourgas and Varna in June, but the court halted the deal until it rules on appeals from competitors.
The deal was halted after Germany’s Fraport and a link-up by French Vinci Airports and Vinci Concessions contested the government’s decision to pick CPH and demanded more information on how the bids were ranked. Copenhagen Airports has pledged to invest up to E140m ($168.1m) until 2008 in the two Black Sea airports and E526m ($631.7m) over 35 years.


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