Bulgaria Courts Port Hamburg, Munich Airport as Concessionaires

Business | January 18, 2012, Wednesday // 19:32
Bulgaria: Bulgaria Courts Port Hamburg, Munich Airport as Concessionaires Bulgarian Transport Minister Ivaylo Moskovski has invited once again German companies as port and airport concessionaires. Photo by BGNES

During a visit in Berlin with PM Boyko Borisov, Bulgarian Transport Minister Ivaylo Moskovski has reiterated Bulgaria's hopes to get major German companies as concessionaires of transport hubs such as ports and airports.

"Bulgaria expects German operators to bid for the concessions of airports and ports in Bulgaria," Moskovski told businesspeople at the German Committee on Eastern European Economic Relations on Wednesday.

The Bulgarian Transport Minister revealed the Bulgarian government is holding talks with the Munich Airport for the concessions of airports in Bulgaria, and the Hamburg Port and Logistics Company, the operator of Germany's major port, over Bulgarian ports.

In December, during another visit in Germany, Moskovski explicitly invited Hamburg Port and Logistics Company to consider the concession of the Bulgarian Port Varna on the Black Sea.

"Bulgaria traditionally works well with German companies in the transport sector," Moskovski told the German Committee on Eastern Economic Relations, reiterating the plans of the Bulgarian Cabinet to open for concessions several Black Sea and Danube ports as well as major airports.

German transport company Fraport is already a major German concessionaire in Bulgaria.

The airports in Black Sea cities Varna and Burgas have been granted on concession to Fraport Twin Star Airport Management company, a German-Bulgarian consortium between the Varna-based TIM group's holding "Chimimport" (40%) and the German "Fraport", since 2006.

In 2010, Fraport Twin Star Airport Management paid the Bulgarian state a total of BGN 13 M for the concessions of Varna Airport and Burgas Airport, which slightly less than the BGN 14 M profit made by state-run Sofia International Airport. Sofia Airport, however, has more passengers than Varna and Burgas combined.

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Tags: Sofia International Airport, Plovdiv airport, Sofia Airport, Berlin, airports, Black Sea, Danube ports, Port Varna, Fraport Twin Star Airport Management, Fraport, concessionaire, concession, concessions, Germany, Klaus-Dieter Scheurle, Transport Minister, Ivaylo Moskovski, Hamburg, Hamburg Port and Logistics Company, German Commitee on Eastern Economic Relations, Boyko Borisov, Prime Minister
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