About EUR 20m will be invested in Varna airport on Bulgaria's Black Sea coast. Andreas Helfer, general executive director of concessionaire Fraport Twin Star Airport Management, which also manages Bourgas airport under a 35-year concession arrangement, confirmed the investment Monday. Half of the sum will be spent on the construction of a new passenger terminal, which should get underway within months and will not be affected by the global financial meltdown. The new terminal is scheduled to be completed by 2011. According to Mr. Helfer traffic at the Varna airport surged 30 % in the winter, when only regular flights are run. Bookings for the 2009 seasons have so far been close to last year's numbers said the airport's chief Dimitar Kostadinov.