About Civil.ge
Eng | Geo | Rus
Last updated: 15:55 - 27 Mar.'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
27 Mar.'17 15:55
Runoff Parliamentary Vote in Breakaway Abkhazia
Independent candidates win 86 percent of Abkhaz parliamentary seats.
26 Mar.'17 02:59
Owners Willing to Hand Controlling Stakes to Rustavi 2 Staff
Much still unclear about a surprise deal.
26 Mar.'17 00:26
UN Human Rights Council Demands “Immediate Access” to Abkhazia, South Ossetia
Resolution passed by 18 votes to 5 against. 24 abstained.
25 Mar.'17 00:58
Moscow Accuses Tbilisi of Wanting to ‘Sabotage’ Geneva Talks
Georgia’s ‘political show’ creates ‘confrontational atmosphere’ ahead of March 28-29 talks, Moscow says.
24 Mar.'17 20:57
Interior Minister Pledges Closer Partnership with Brussels
Mghebrishvili reassures partners, as Georgians ready for visa-free travel.
24 Mar.'17 17:41
Ukraine Denounces Abkhazia, S. Ossetia Polls
Ukraine supports Georgia’s sovereignty and territorial integrity, the country’s OSCE Ambassador said.
24 Mar.'17 16:47
Georgia Denies Arms Transit Reports to Armenia
Georgian officials denied two separate reports on alleged arms transit to Armenia.
24 Mar.'17 13:26
National Security Council Convenes over NATO, Abkhazia
NSC discussed Black Sea Security, Georgia-NATO relations and Security Strategy update.
23 Mar.'17 17:32
Foreign Minister Joins Ministerial Meeting against Terrorism
The Global Coalition meeting was hosted by the U.S. Secretary of State Rex Tillerson on March 22.
23 Mar.'17 16:05
Alliance of Conservatives & Reformists in Europe on Rustavi 2 TV Dispute
ACRE ‘believes’ Georgia will continue to uphold media plurality and media freedom in the country.

About Civil Georgia
Civil.Ge © 2001-2017, Daily News Online
Registered office: 2 Dolidze Str, 4-th Floor.
59