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STIP AIRPORT REMAINS PART OF THE TAV DEAL



National.

The cargo airport in Stip is part of the concession agreement with the Turkish TAV and its construction will not be cancelled, said Macedonian transport minister Mile Janakievski.

According to him, provisions of the annex to the agreement for concession of the airports in Macedonia signed last year in September remain valid.

At the end of last year, TAV requested that the takeover of airports be postponed, explaining that the company was unable to close the financial construction because of the financial crisis. In the meantime, they denied giving up the investment several times.

Ten days before the expiry of the deadline, there is still no official confirmation that they would adhere to the annex to the agreement. For that purpose, TAV requested a loan from EBRD in the amount of EUR 45 million and from EIB in the amount of EUR 80 million. The banks are expected to make the decision about the loans in October when the boards of directors convene


[Mina]

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February 27 2010:
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