Georgia’s officials deny reports on airport transfer deal
( С ) - The Georgian Economy Ministry denied reports that Turkish Tepe-Akfen-Vie (TAV) may sell its management rights over Tbilisi Airport to Kazakh investors as "rumors."
Tbilisi-based Rustavi 2 TV reported on April 6 that the TAV, which holds management rights over the Tbilisi airport for 15 years plans, plans USD 100 million deal with unspecified Kazakh investors.
TAV, which teamed up with Turkish construction firm Urban, signed a deal with the Georgian authorities in September 2005 on transfer of management rights. The Company also constructed a new terminal, which was inaugurated in February, 2007.
TAV is also constructing a new airport in Batumi, Adjara Autonomous Republic. The Turkish company has invested about USD 100 million into the two projects.