The financial bid for outsourcing the operations of New Islamabad Airport has officially been opened. The opening ceremony took place today in Karachi at the Pakistan Airport Authority (PAA) headquarters.
During the ceremony, only one company, a Turkish firm, was shortlisted to participate in the bidding process. This company’s offer has now been revealed as the sole contender for the project.
According to a spokesperson from the Pakistan Airport Authority, the Turkish company has proposed offering 47.25% of the airport’s revenue. This percentage is being considered as part of the deal to manage the airport’s operations.
The offer will now undergo a thorough review. Sources from the PAA have confirmed that the Turkish company’s bid will be sent to the International Finance Corporation (IFC) for a detailed evaluation. IFC, a trusted transaction advisor, is expected to provide its evaluation report by January 9.
The report will play a crucial role in determining whether the bid is acceptable. However, the final decision will not be made by PAA alone. The federal cabinet will have the final say on whether the Turkish company’s proposal will be approved.
The move to outsource the management of New Islamabad International Airport is part of Pakistan’s broader strategy to improve airport operations and increase revenue. This deal could bring much-needed financial support to the airport, which has the potential to become a major hub in the region.
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