Call
Send Email
Messenger
WhatsApp
VARNA AND BURGAS AIRPORTS TO HAVE NEW PASSANGER TERMINALS BY MID-`09
Bulgarian coastal airports Varna and Burgas will have new passenger terminals by mid-2009, said Andreas Helfer, general executive director of Fraport Twin Star Airport Management which manages the two facilities under a 35-year concession arrangement. The new terminals will streamline the check-in and luggage inspection process and will allow checked-in passengers to shop and have access to all other services available at EU airport lounges, said Helfer.
The 60 mln euro cost of the new terminals will be covered by bank loans and the company shareholders.
A public procurement procedure has already been launched for the technical design of the Burgas terminal. Helfer said construction should get underway in 2007.
The airport operator plans to renovate the taxiways ahead of the summer tourist season. A more comprehensive reconstruction of the taxiways and the runways will be done in the off-season.
Fraport plans to invest 20 mln euro in the two airports in 2007, said Helfer. The investment program includes environmental protection measures. New incinerators for the biological waste produced by the airports will be installed.
The concessionaire will spend some 6 mln euro this year to streamline the electricity transmission grid of the airport sites and to ensure fail-safe power supply.
Fraport Twin Star Airport Management, a partnership between Germany's Fraport and Varna-based company BM Star, was granted the airport concession contract in 2006.
View Properties for Sale in/near Burgas
View Properties for Sale in/near Varna
Read more news
More News
Bulgaria has been ranked 12th among 192 countries in the Rumavi Global Relocation Index 2026, reinforcing its position as an increasingly attractive destination for living, working, retiring and investing in property.
Bulgaria has achieved an impressive 12th place in the global Best Countries to Live in 2026 ranking, compiled as part of the Rumavi Global Relocation Ind...
Summer is in full swing, and the property market continues to prove that the right listings make all the difference! ☀🏡
July brought important market data and sparked wide discussion about the future direction of transaction volumes and property prices. The market is entering a more balanced phase, buyers are becoming more cautious, and their choices are increasingly s...
This partnership combines the ambitious vision of OKOL Lake Park with BULGARIAN PROPERTIES’ many years of experience and international client network.
We are pleased to announce that BULGARIAN PROPERTIES has become a partner of OKOL Lake Park for the sale of apartments in the complex.
This new partnership brings together one of the most impressive new re...
According to industry data, the number of real estate transactions in Bulgaria has decreased by between 15 and 20% nationwide, but this has not led to a drop in prices. On the contrary—they have risen by about 25% year-over-year, Polina Stoykova MRICS, Managing Director of BULGARIAN PROPERTIES, noted on “Good Morning, Europe.” According to her, buyers’ interest is increasingly focused on larger ho...
