Sofia Airport Concession Procedure Halted over Forfeiture Claim

Business | June 20, 2016, Monday // 08:02
Bulgaria: Sofia Airport Concession Procedure Halted over Forfeiture Claim

A Gulf consortium has brought the concession procedure for Sofia Airport to a halt, officials say.

The entity named MAK/ADMAK, which brings together Kuwait-based Mohammed Abdulmohsin Al-Kharafi & Sons and Saudi-based Admak General Contracting Company, has lodged a claim with the Commission for Protection of Competition.

MAK/ADMAK has launched a litigation case against Sofia Airport, arguing the latter has failed to pay compensations.

In 2006, the consortium built a new runway for Sofia Airport, but then reported it had not been paid dozens of millions of USD it was to receive under its contract with the Sofia Airport.

A Paris arbitration ruled in 2011 that Sofia Airport was to pay more than USD 40 M to MAK/ADMAK.

The Bulgarian government announced it was opening a tender for the airport earlier in June.

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