TAV Holding takes over management of Macedonian airports
Turkey’s TAV Holding reportedly officially took over management of Macedonia’s airports, following the signing of a concession agreement with the Macedonian Government (IDIVIDI, 01-Mar-2010). Under the agreement, ATV will run the airports over the next 20 years and invest EUR200 million in the modernisation of Skopje Alexander the Great Airport and Ohrid St Apostle Paul Airport. It also plans to construct a cargo airport in Stip is to commence in ten years, following a meteorological study. Modernisation of Skopje Airport will include the construction of a new terminal, extended runway and new navigation systems, while Ohrid Airport’s project will include new parking and cargo facilities.