Fraport AG to Operate Bourgas and Varna Airports in Bulgaria

Frankfurt (FRAPORT) - The Bulgarian government, under an international bidding process, has awarded Fraport AG the concession for modernizing, expanding, and operating Bourgas (BOJ) and Varna (VAR) airports - gateways to the popular Black Sea tourist region.  The concession agreement, which is expected to be completed within the next few months, will run for more than 35 years and will include an option for both sides to extend the contract.  The planned investment volume over the entire concession period will reach €403 million for building new terminal facilities, expanding apron areas, and acquiring airport vehicles and equipment, etc.