Turkish consortium bids for operations of Islamabad Airport

KARACHI: The Turkish consortium, the only bidder to take over the operations of Pakistan’s Islamabad airport.

The opening ceremony of the financial bid was held at the Pakistan Airport Authority headquarters in Karachi, during which the only shortlisted Turkish company participated in the bid.

According to the spokesperson of Pakistan Airport Authority, the company has offered to contribute 47.25 percent of the revenue of Islamabad International Airport.

According to PAA sources, matter will now be referred to the International Finance Corporation (IFC), a member of the World Bank Group, which is advising Islamabad on outsourcing before Pakistan decides whether the bid can go through.

“The details of the financial proposal will … be presented and forwarded to the IFC for further evaluation and submission of final reports,” said Sadiq ur Rehman, the chairperson of the bid evaluation committee and deputy director general of Pakistan Airports Authority.

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Dar chairs 11th meeting of steering committee on outsourcing of airports

ISLAMABAD: Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar on Friday...

Earlier, Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar on Friday chaired the 11th meeting of Steering Committee on outsourcing of airports here.

The meeting was attended by Minister for Finance Muhammad Aurangzeb, Tariq Bajwa (Special invitee), Secretary Aviation, Secretary Law, Secretary Board of Investment (BOI) and Country Director International Finance Cooperation (IFC).

The Secretary Aviation briefed the Committee that Islamabad airport outsourcing project has attracted interest from various airport operators including those from Europe.