Банкеръ Weekly

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A BRITISH COMPANY TO INVEST EUR90MN IN VARNA AIRPORT

The UK Wiggins Group will invest EUR90MN if the company is nominated concessionaire of the Varna Airport. Between EUR40 - 50MN will be spent on the construction of a new passenger terminal, which according the British is the most urgent task. Part of the other funds are intended for the introduction of new equipment for handling luggage. The airport's runway is to be renewed to bring it in compliance with European standards. However, both Wiggins Group and the other candidate concessionaires will have to wait until the Civil Aviation Act is amended to allow the holding of a tender.Wiggins Group presently has six airports in Europe and one in the US. Most of them are not much larger than the Varna Airport and we are experienced in the management of such facilities, Paul Tipple, Head of the company's Strategies and Development Department, pointed out.

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