Tender for the Award of Concession for Two Montenegrin Airports

Tender for the Award of Concession for Two Montenegrin Airports

On 25 November 2019, the following companies expressed their interest. The total deal value is up to EUR 300 million. Four companies, out of seven initially applied, have been shortlisted for the second round of the tendering procedure:

  • Incheon International Airport Corporation from South Korea;
  • GMR from India;
  • Groupe ADP with TAV;
  • Corporacion America Airports from Luxemburg.

It is expected that either GMR or Groupe ADP with TAV will be eliminated from the process because ADP recently acquired a 49% share in GMR.

The entire tendering procedure has been delayed several times until now. The latest change of deadlines is due to complaints submitted by contenders that have not been shortlisted for the second round. Therefore, it is speculated that the concession agreement may not be signed before the end of 2020 as originally planned.

On 25 November 2019, the following companies expressed their interest. The total deal value is up to EUR 300 million. Four companies, out of seven initially applied, have been shortlisted for the second round of the tendering procedure:

  • Incheon International Airport Corporation from South Korea;
  • GMR from India;
  • Groupe ADP with TAV;
  • Corporacion America Airports from Luxemburg.

It is expected that either GMR or Groupe ADP with TAV will be eliminated from the process because ADP recently acquired a 49% share in GMR.

The entire tendering procedure has been delayed several times until now. The latest change of deadlines is due to complaints submitted by contenders that have not been shortlisted for the second round. Therefore, it is speculated that the concession agreement may not be signed before the end of 2020 as originally planned.