The new passenger terminal at the airport of Varna was inaugurated on Thursday, 15 August. The total investment in the development and construction of the terminal and the related infrastructure is estimated at over EUR 40m. As planned, after the commissioning of the terminal, it will serve all flights at Varna airport. The new terminal is three times larger than the existing one, with the capacity of serving 1037 passengers per hour.
Fraport Twin Star Airport Management is the airport concessioner and the project was elaborated by the English architecture company Pascall & Watson architects, with the participation of a local supply company. All development and construction works of the two terminals were realized by the consortium TIE – Ictas - the winner of the $104m Bulgarian airports contract (Varna and Burgas), with management and control being realized by the German Schuessler-Plan.
A massive infrastructure and superstructure developer, IC Ictas Insaat entrusted Kambourov & Partners with the overall legal consultation regarding the company’s participation in the project. After assisting throughout the drafting and conclusion of construction agreements (concluded in 2011), the team led by partner Atanas Shopov continued to advise on all legal aspects of the construction process. The firm provided complex legal services involving advice on legislative requirements for real estate developments and investment projects, legal opinion on all issues related to the construction process of the terminal and the related infrastructure, assistance in negotiations.
Business on both Varna and Burgas airports is considered thriving, especially within overall unpleasant economic conditions. Passenger flow for 2012 is estimated at 2.3 m for Burgas and 1.2 m for Varna. For the past year there has been a rise in the number of passengers of more than 5%.
The new passenger terminal at the airport of Burgas is soon to be inaugurated as well.