Turkish firms show interest in airports in Montenegro
Government of Montenegro has launched restoration and operation concession for two airports in Montenegro. Leading Turkish firms such as Limak, Cengiz, Mapa, TAV and İçtaş Construction has shown interest in concession of Podgorica airport and Tivat airport. Transport and Maritime Affairs Minister of Montenegro has stated that a total of 25 proposals for both airports came from Turkish companies. Ministry is planning to double the capacity of airports in the coming 10 years.
The total investment of EUR 200 million (US$ 223.18 million) will be required for both airport concessions in the 30-year span. Government of Montenegro is expecting an investment of EUR 80 million (US$ 89.33 million) in the first two years of the concession. The concessionaire will give 10% of their annual turnover to the Montenegrin state.
Turkish companies are currently executing many projects in Balkan countries covering the sectors of industry, textiles, marina, real estate, automotive industry, airport, and highway construction. The total investment of Turkish companies in the Balkans reportedly amounts to approximately US$ 15 billion.
Country updates
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March 07, 2019
Land issues delay concession of Montenegro airport
Montenegro's Ministry of Transport and Maritime Affairs has reportedly received an order from the Prime Minister to resolve real estate issues currently delaying the concession of Tivat Airport. The...
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December 05, 2018
Concession agreement signed for redevelopment of shipyard in Montenegro
A consortium of superyacht marina development and operating group Adriatic Marinas and the global ship and superyacht builder Damen has signed a Concession Agreement to redevelop the former Bijela shi...
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September 14, 2018
Government of Montengro finalises plans to concession two airports
The Minister of Transport of Montenegro has announced plans to Parliament to concession Podgorica and Tivat airports. Private entities will be invited to operate the airports for between 25...
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August 05, 2018
Two Montenegrin airports are planned to start a call for expression of interest soon
The Montenegrin government announced intentions to put its two international airports in Podgorica and Tivat up for concession. A public call for the expression of interest is expected to be issu...
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September 26, 2017
The deadline for the submission of the request of qualifications has been extended by the government of Montenegro
