French Firm Interested in Gorna Oryahovitsa Airport Concession

Business | November 6, 2012, Tuesday // 10:30| Views: 1553 | Comments: 1
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Bulgaria: French Firm Interested in Gorna Oryahovitsa Airport Concession Gorna Oryahovitsa Airport, photo by Bulgaria's Transport Ministry

A large French construction company has shown interest in the Gorna Oryahovitsa Airport in Central Northern Bulgaria.

According to reports of business portal econ.bg, the French firm has declared its interest in the concession deal to Bulgaria's Transport Ministry and has already filed the necessary documents.

The company intends to carry out runway rehabilitation, mount new equipment, and build a special VIP terminal.

The plan also involves the establishment of a technical center for private jets of the types Cessna, Embraer, and Bombardier, and a private school offering pilot training and skydiving instruction.

The French company owns a private jet fleet including Cessna Citation 500, Embraer 100, and Embraer 145 aircraft.

The construction company also owns shares in a company selling private jets.

The French firm recently showed interest in the Stara Zagora Airport in southern Bulgaria.

The Stara Zagora Airport is in critical condition and requires an investment of EUR 50 M, according to calculations, compared to EUR 4 M for the Gorna Oryahovitsa Airport.

The Gorna Oryahovitsa Airport spans a total of 2 115 405 square meters located in the Ashova area.

The buildings, facilities, and equipment built and mounted by the concessionaire will be completed at the concessionaire's expense and risk.

The concession will be granted for a period of 35 years.

The potential concessionaire must meet the criteria under Art. 26, para. 1 of Bulgaria's Concessions Act to have a registered fixed capital of no less than EUR 1 M and an asset value of no less than EUR 5 M reported on the balance sheet.

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Tags: Transport Ministry, concessionaire, concession, Gorna Oryahovitsa Airport, Stara Zagora Airport
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#1
George Zheliazkov - 6 Nov 2012 // 23:07:10

Multiple, numerous, endless ….. opportunities like those all over Eastern Europe, Russia, Asia were missed and ignored for the last 20 years by the EU investors due to their lack of flexibility, risk taking and business sense . The result now as we all know it is crisis…… The EU basically “shot itself in the leg”.
If investments all over those emerging markets were done earlier, the effects today would have been that some levels of prosperity would have been achieved and therefore some purchasing power capabilities and living standards improvements would have been “stirring” in return the stagnated present EU economy.
Basically you need to enrich those emerging market consumers in order for them to be able to buy your EU goods.