Sofia Airport concession ratified by Bulgaria’s Supreme Administrative Court
The Supreme Administrative Court of Bulgaria has ended almost a year of legal wrangling by confirming that Meridiam and its partner, Munich Airport subsidiary Munich Airport International (MAI), has won the concession to operate and development Sofia Airport.
The companies make up the SOF Connect consortium awarded the concession by Bulgaria’s Ministry of Transport in July 2019, but the decision was contested by the defeated bidders and it has taken nearly 12 months to ratify the deal.
Munich Airports announced today that the Supreme Administrative Court of Bulgaria had upheld November 2019’s decision by the Commission for Protection of Competition to confirm the selection of Meridiam and MAI as the concessionaire for Sofia Airport.
According to Munich Airport, the investment embedded in this 35-year long-term public-private partnership will “contribute to Bulgaria´s economic rebound post COVID-19 crisis and support the Bulgarian government and local authorities to achieve significant regional benefits in social, economic and environmental aspects”.
It adds that the airport will develop new environmental standards, including joining ACI’s Airport Carbon Accreditation Programme, that will “serve as benchmark for other airports and industries aiming at becoming an enabler of social, economic, environmental and inclusive growth that contributes to Sofia and Bulgaria”.
With a proven experience in the airport sector and an existing portfolio of landmark airports including LaGuardia Central Terminal (New York, USA), Queen Alia International (Jordan) or Ivato and Nosy Bé (Madagascar), Meridiam intends to set the ground for a sustainable success story with the new Sofia Airport.
Meridiam has committed to work with the entire aviation sector to achieve the reduction of carbon emissions as part of its mission.
Munich Airport claims that it will provide all its knowledge, expertise, best practices and market outreach, especially in terms of airline marketing, route development, passenger experience, smart airport development, airport city development and operational efficiency.