About Civil.ge
Eng | Geo | Rus
Last updated: 11:21 - 20 Feb.'17
RSS
Mobile
Twitter
Facebook
TAV Gets Tbilisi Airport Operation Extension for Planned USD 65m Investment
Civil Georgia, Tbilisi / 27 Aug.'12 / 14:42

A Turkish operator of the Tbilisi International Airport said it would invest USD 65 million in reconstruction of now unused runway and in exchange get an extension for the airport’s operation till late 2037.

TAV Airports Holding, which owns 76% shares in Tbilisi airport operator TAV Urban Georgia, agreed with the Georgian state-owned United Airports of Georgia to reconstruct the unused runway, one of the two runways at the Tbilisi airport.

“The operational rights of TAV Urban Georgia have been extended for 10 years 9 months from February 2027 to November 8, 2037 within the scope of the agreement of Built-Operate-Transfer in exchange for the reconstruction investment,” TAV Airports Holding said in a statement on August 24.

“It has been planned to get the investment on reconstruction of the runway started in September 2012 and complete the project in less than 2 years,” the company said.

Tbilisi International Airport is operated by TAV since October, 2005. In Georgia the company also operates airport in Batumi for 20-year term starting from May, 2007.

Latest News
20 Feb.'17 11:21
Georgian PM Meets World’s Leaders in Munich
PM Giorgi Kvirikashvili attended the Munich Security Conference on February 17-19.
18 Feb.'17 02:45
Rustavi 2 TV Suspends Broadcasting until Sunday
The channel will resume broadcasting after its rally on February 19.
17 Feb.'17 17:25
‘Senior Cleric’ Not a Target, Prosecutors Say
The prosecutors said on February 16 that the alleged murder plot target was not the Orthodox Patriarch.
17 Feb.'17 13:31
EU-Georgia Parliamentary Association Committee Meeting in Strasbourg
The Committee expects visa-free travel to become ‘a concrete reality’ during the month of March.
16 Feb.'17 17:16
NATO-Georgia Commission Meeting in Brussels
NATO Defense Ministers decided to enhance the organisation’s presence in the Black Sea region.
16 Feb.'17 15:19
Research: Georgia’s Economic Freedom Index Improved
Georgia is ranked as 13th freest economy in the world and 5th freest in Europe.
15 Feb.'17 17:23
Defense Minister to Attend NATO-Georgia Commission
The NATO-Georgia Commission will be held on February 16 as part of the NATO Defense Ministerial.
15 Feb.'17 15:23
Defense Ministry Reinstates Conscription
Conscription was annulled in June by former Defense Minister, drawing criticism from the ruling party.
15 Feb.'17 10:22
United States Condemns S. Ossetia Referendum
The U.S. will not recognize the results of ‘an illegitimate referendum,’ the Embassy says.
14 Feb.'17 23:06
Foreign Minister Concludes Azerbaijan Visit
Georgia’s Foreign Minister Mikheil Janelidze was on his two-day official visit to Baku.

About Civil Georgia
Civil.Ge © 2001-2017, Daily News Online
Registered office: 2 Dolidze Str, 4-th Floor.
84