Turkish consortium's bid declared below the minimum concession fee
A Turkish consortium has submitted a bid below the minimum concession fee required to take over the operations of Islamabad International Airport, according to the chairman of the bid evaluation committee.
The consortium, comprising Terminal Yapi, ERG Insaat, and ERG UK, proposed
paying the government 47% of its operational revenue as a concession fee. This
falls short of the 56% minimum threshold established by the government, as
confirmed by the aviation and airports authority.
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Decision Pending IFC Review
The matter has been referred to the International Finance Corporation (IFC),
a member of the World Bank Group, which is advising Pakistan on the airport
outsourcing initiative. The IFC will evaluate the financial proposal and
provide a final report before a decision is made.
“The financial proposal details will be presented to the IFC for assessment
and recommendations,” said Sadiq ur Rehman, chairman of the bid evaluation
committee and deputy director general of the Pakistan Airports Authority.
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Next Steps
The government’s final decision will depend on the IFC's evaluation and
whether the proposal aligns with Islamabad's strategic and financial goals. If
approved, this would mark a significant step in outsourcing airport operations
to enhance efficiency and generate revenue.
Source: Dunya News