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TAV initialises USD65m investment in Tbilisi for a new runway

6-Sep-2012 11:56 AM

TAV Georgia, a subsidiary of TAV Airports, commenced (05-Sep-2012) renovation works for the second runway at Tbilisi Airport. TAV Georgia is constructing a second runway at the airport, renovating and extending an unused runway as part of the agreement reached with United Airports Georgia, the State Airports Authority of Georgia. Once renovated, the airport will be able to support A380-800, Boeing 747-8F and Antonov 225 aircraft. TAV will be investing USD65 million for the project which is expected to last for two years. According to the agreement, the current operational rights of TAV Georgia have been extended by 10 years and nine months to 2037. Following the build-operate-transfer tenders it has won, TAV Airports has undertaken the operations of Tbilisi and Batumi airports in 2005 and 2005 respectively. Batumi Airport is a first in the region in terms of being used as a shared facility between Georgia and Turkey. Direct flights have been launch between the two countries after the undertaking of the operation by TAV Airports. [more - original PR]