AENA and First State teams up for Sofia airport concession

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Spanish giant company AENA teams up with Australian investment fund First state investment to bid for Sofia airport concession in Bulgaria. This airport had traffic flow of 7 million passengers in last year. This is a very competitive concession as large European and Asian companies are also interested in this 35-year concession having a scope of turnover expectation about 3500 million Euros.

AENA and First state investments are going to have to make a strong investment effort. According to the rules of the international competition, stakeholders have to make an initial payment of more than 200 million Euros and a minimum investment of another 600 million throughout the entire period of exploitation. The Bulgarian government wants to use the funds obtained with the privatization to modernize its railway network.

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