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The Meridiam-Munich Airport tie-up ranks first for the Sofia Airport’s concession

Bulgaria has picked a consortium comprising asset manager Meridiam and the operator of Munich Airport to run and operate Sofia Airport, the country’s main air transport hub, the transport minister said on Wednesday. Rosen Zhelyazkov said the consortium, named Sof Connect, had won the tender for a 35-year concession for the airport over four other contenders after a special commission at the ministry evaluated their bids. The consortium, which includes the operator of Germany’s second biggest airport, has offered an annual concession fee of EUR 24.5 million or 32% of annual revenues. It has also pledged to invest EUR 608 million in the airport. A consortium led by France’s Aeroports de Paris (ADP) , which had offered the highest concession fee and investment of 903 million euros, was ranked second. Other bidders included Germany’s Fraport, Britain’s largest airport operator, Manchester Airports Group, in a tie-up with China’s construction firm BCEG, and a tie-up between Copenhagen Airports and SSB Sauernwein & Schaefer. Zhelyazkov said all bidders have been informed about the decision, which can appealed within 10 days before the competition regulator.

Source: Reuters; FFBH

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