Manchester Airport Group is the First Official Candidate for the Concession of Sofia Airport

Published on Monday, 8 October , 2018 105 Views

World News

#Beijing Construction Engineering Group #Manchester Airport Group #Sofia Airport

A first candidate officially announced its intention to apply for the concession at Sofia Airport.

This is the British airport operator Manchester Airport Group, which along with its partner in the face of the Chinese Beijing Construction Engineering Group will participate in the procedure, it became clear at a press conference today in the Sofia.

UAE, KSA, Kuwait to Enhance Bahrain Fiscal Stability

The Ministers of Finance of the Kingdom of Saudi Arabia, the United Arab Emirates, the State of Kuwait…

MAG currently operates three airports in the UK – Manchester, London Stansted and East Midlands, serving a total of 60 million passengers annually in over 270 destinations and 70 airlines.

Their partner for the Bulgarian concession, BCEG, is in the top 250 of global contractors and one of its main projects is Daxin Airport in Beijing.

“Sofia is the city with the most underdeveloped potential,” said Andrew Harrison, Group Chief Executive Officer. According to him, the company has no other interests in the region than to win the concession for the Bulgarian airport, which guarantees its desire to develop it. His statement comes in the context of the Belgrade airport concession procedure in which MAG “refused to participate”.

He pointed out that traffic for London’s Stansted Airport grew by 45% and Manchester in 35% for 5 years. He did not go on to share plans for Sofia, but outlined three main reasons for wanting to invest in Bulgaria.

The first is that tourism is growing and Sofia is a “crown jewel” in this regard.

The second is the excellent geographic location of the capital, which makes it close to the East.

In his words, Sofia airport should not be in the shadow of the Turkish one, but on the contrary – to develop its own network for direct flights. Harrison also pointed out the possibility of investment and returns at the airport itself.

The company, however, refused to share specific plans for the development of the airport. According to Charlie Hornish, Chief Executive Officer, Sofia Airport does not need a third runway soon, as well as a third terminal.

Here, it is worth recalling that in the concession conditions there is the construction of such new facilities. It will be for 35 years and its total cost is estimated at nearly 3.9 billion euros.

One of its conditions is that the future concessionaire will invest a total of € 600 million, and MAG has just mentioned such a number of planned investments.

On the question of what competition they expect for the concession, the operator indicated that interest was from Turkey, France and Germany.

Bahrain to Implement VAT in 2019

Bahrain will be the next country to implement five per cent value-added tax (VAT) after the UAE and…

Keywords: Beijing Construction Engineering Group Manchester Airport Group Sofia Airport
Category World News | 2018/10/08 latest update at 1:50 PM
Source : Novinite | Photocredit : Google

106 Views
Comments Add comment

The editorial staff of Bahrain Today would like to give all of its readers from Gulf and Bahrain and the whole world the opportunity to participate actively in the development of the website! If you have something interesting, fun, scandalous - just something worth to be seen from more people. Capture it and share it in the Bahrain Today with a short text.

Do you have information you want to reach our readers?

Send article/s

You can subscribe to our Facebook, Twitter and Google pages or use our RSS feed channel to always read the most important news about Bahrain, the Gulf and the world.