Vlora Airport, state budget as guarantee for Turkish construction firms
23/01/2018 22:05
Alarming situation from burning garbage in the urban waste field of Vlora 23/11 15:41
The government has quickly drafted a law which authorizes the Ministries of Finances and Infrastructure to start negotiations with the Turkish consortium that made an offer for building the Vlora airport.
Top Channel has learned that the draft will be approved at the Council of Ministers within a few days, and then will pass in Parliament.
The three Turkish companies will invest 100 million EUR for the airport and in exchange, they will be allowed to use it for several years, a period that will be decided during the negotiations.
However, the government will be the one taking the business risk, since the government will offer as a guarantee to cover annual profits for the company, based on a formula which is similar to that of the Durres-Kukes road.
If the companies will not earn that same amount through the airport, the government will pay the difference through the state budget.
The government aims to start building the airport the soonest possible, for political gain and for economic reasons. In 2018, the TAP Pipeline and the Devoll Cascade will reduce their investments, which will be reflected in the annual economic growth, as warned by the IMF and the World Bank as well.
Top Channel
