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TAV TO START MACEDONIAN AIRPORT CONSTRUCTIONS IN MAY



National.

The management of Turkey's TAV company - the concessionaire of Macedonian airports - announces the launch of main construction activities aimed at building and modernizing the two airports in a month and a half's time at the most.

TAV managers claim that preparations are under way, as well as negotiations with construction firms to join the Euro 200 million investment. TAV has invested its own funds, but plans to close it with several commercial banks.

- We were obligated to begin on 1 March, however there are activities that need to be completed beforehand, such as design and licences that we're waining to obtain. Nevertheless, we launch other activities while waiting for them. Negotiations are under way with construction firms that will start working in a month or month and a half's time, Murat Ornekol - TAV Holding Operations Director - said at a press briefing.

TAV took over the management of "Alexander the Great'' airport in Skopje and "St. Paul the Apostle" in Ohrid on 1 March.

The construction, reconstruction and modernization of the airports will be held under the helm of TAV Construction and several local firms will be selected.

When asked why the European Bank for Reconstruction and Development had showed lack of interest to finance TAV's project, Ornekol said this was due to the fact that the investment included a construction of cargo airport in Stip, which was later delayed for 10 years with an annex to the concession contract.


[Mina]

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February 27 2010:
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