The Serbian Ministry for Transport and Infrastructure has estimated Belgrade Nikola Tesla Airport's current market value at 251 million euros. It comes a week before the state officially signs a contract with the French company Lazard Freres, which will act as an advisor in the privatisation. Lazard will charge 1.27 million euros for its services, and a further 3.22 million if the privatisation is successful. Mott MacDonald, Oric, CMS and KPMG will act as subcontractors for Lazard. The French company will decide whether Belgrade Airport, which is 83.1% state-owned, should be sold or put up for a concession. The advisor has already begun screening the company. However, Belgrade Airport's Executive Director, Raša Ristivojević, said on Monday, "We have held talks with representatives from Lazard and we defined several points concerning the privatisation. It will most likely be a concession or a public-private partnership. We need fresh capital so Belgrade Airport can expand even further".