Common Contracts
1 similar Reconstruction Agreement contracts
ContractReconstruction Agreement • August 24th, 2012
An agreement has been made with United Airport Georgia on reconstruction of the unused runway, one of two runways at Tbilisi International Airport operated by TAV Urban Georgia LLC whose 76% shares are owned by TAV Airports Holding. As per the agreement, an investment of USD 65 million will be made for the re-construction of the runway. The operational rights of TAV Urban Georgia have been extended for 10 years 9 months from February 2027 to November 8, 2037 within the scope of the agreement of Built-Operate-Transfer in exchange for the reconstruction investment. It has been planned to get the investment on reconstruction of the runway started in September 2012 and complete the project in less than 2 years.
