Management rights to Batumi airport for the next 20 years have been given to the Turkish company, Tepe-Akfen-Vie (TAV), for the symbolic amount of one dollar, in accordance with PM Nogaideli’s July 24 decree.
The company has invested about USD 15 million in the construction of a new terminal at the airport, which was opened this May.
The company will have to repay the airport's debt of GEL 1.4 million (over USD 800,000). It will, however, receive all profits from operations at the airport.
TAV also has the management rights of Tbilisi airport for 15 years.