Friday, December 29, 2017

Belgrade Airport concession decision delayed


The Serbian government has, for a second time, delayed its decision to grant a 25-year concession for the financing, development through construction and reconstruction, maintenance and management of infrastructure of Belgrade Nikola Tesla Airport. The Public Body overseeing the process announced this evening, "The extension of the deadlines for the Public Body's decision on the selected best bid is necessary for the purpose of comprehensive analysis of additional information and documentation received from bidders at the request of the Public Body, with the purpose of expert evaluation of the bids in accordance with terms and criteria defined in advance in the Instructions for Bidders for Phase 2 of the Procedure and for the purpose of protection of public interest and equal and fair treatment of all bidders".

Three consortia and one stand-alone company have submitted binding bids. Originally, the decision on the winning offer was to be made on December 25, but was moved to December 29 due to the Christmas holidays in the majority of countries taking part in the process. The decision is now due on January 5, 2018, unless it is prolonged again. The concession process commenced on February 10, with 27 companies expressing initial interest. Under the terms of the concession, the individual bidder or consortium cannot hold more than 20% of the share capital or voting rights of an airport with more than one million passengers located within a 450 kilometre radius from Belgrade. As a result, this immediately disqualified Aéroports de Paris, the Marguerite Fund, Bouygues Bâtiment International, TAV Airports, Limak and Fraport.

Commenting on the concession process earlier this week, the Serbian President, Aleksandar Vučić, said, "The airport is being given up for concession for a period of 25 years. In addition to an up-front payment of at least 450 million euros, we expect investments to amount to 700 to 800 million euros, as well as an annual tax of some five to six million euros". He added, "Passenger numbers at the airport have increased 51% since 2012 as result of Air Serbia and its strategic partner". The government expects to wrap up talks with the future concessionaire by the end of March. The future operator is set to take over the airport by August 1 at the latest.


BIDDERS

Vinci Airports - The French construction and concession company recorded 38.1 billion euros in revenue in 2016 and took part in 270.000 infrastructure projects worldwide. It holds concession contracts in a number of airports including Chambéry, Poitiers-Biard, Lyon-Bron, Nantes Atlantique, Rennes and Toulon in France, Phnom Penh in Cambodia, Santiago de Chile, Kansai, the majority of Portugal's commercial airports, including Lisbon, as well as international airports in the Dominican Republic, including Santo Domingo. It signed a Memorandum of Understanding with Belgrade Airport for the development of joint projects back in 2015.

Consortium Meridiam Eastern Europe Investments, Zurich Airport International and Eiffage - The Franco-Swiss consortium is being headed by Zurich Airport (Flughafen Zürich AG), which is engaged in six airports worldwide. In addition to two Brazilian airports in Belo Horizonte and Florianopolis, it runs a further four airports in Latin America. The Swiss company said in a statement, "Our two partners, Meridiam and Eiffage, have committed themselves to the long-term success of the airport of the Serbian capital, bringing important relevant experiences with infrastructure projects in the Central and Eastern Europe region". Zurich Airport was the finalist in Zagreb Airport's concession process.

Consortium Incheon International Airport Corporation, IC Ictas Altyp Iyitirimlari VE Isletme and VTB Capital Infrastructure Holdings Limited - Seoul's Incheon International Airport Corporation, which leads the consortium, runs South Korea's busiest airport which last year handled 57.7 million passengers and generated revenue of one billion euros. Its international expansion began in 2009 when it signed a consulting project to support the operation of Iraq’s new Erbil International Airport. It has since concluded 25 overseas contracts for projects in twelve countries. It was selected to provide operations consulting services for Istanbul's new airport, which is currently under construction and expected to be the world’s largest. The Corporation also boasts projects in Indonesia, India, Russia, the Philippines, Uzbekistan, Bangladesh, Nepal, Cambodia, the Dominican Republic and Paraguay. It unsuccessfully bid for a concession of Zagreb Airport in 2011 with consortium partner IC Ictas Altyp.

Consortium GMR Infrastructure Limited and Terna S.A. (Tourist Technical and Maritime Society Anonymous) - The GMR Group is one of the fastest growing infrastructure enterprises in India. It currently owns and operates Delhi International Airport and Hyderabad International Airport. The Group is also developing Goa’s greenfield airport. Furthermore, GMR Infrastructure is operating and developing Mactan Cebu International Airport - the second largest airport in the Philippines. Jointly with its Greek partner Terna S.A., the duo have won a concession to develop, operate and manage the new international airport in Heraklion on the Greek island of Crete.

176 comments:

  1. And as we wait for the decision some moer good news - Egypt Air Cargo will begin regular flights to BEG in 2018.

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    Replies
    1. An Egyptair A300F seen yesterday 10.30am at BEG.

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    2. Great. How many cargo airlines have scheduled flights to BEG?

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    3. ^Turkish Airlines, Swiftair, Silkway, DHL and Mediterranean Air Freight.

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    4. There are 4 Egypt Air Airbus A300-600 Freighters departing BEG today.

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    5. And total of 9 cargo flights all together today.

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    6. Is there official announcement?

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    7. What the heck they cari'in?

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    8. turksih sends two a330 cargos per day quite often in the last few months.. all depart late in the day

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  2. Do we know at what time the decision will be announced?

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    Replies
    1. When the President wakes up.

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    2. But he does not sleep...

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  3. I'm surprised there were no leaks to the press as to who won it.

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    Replies
    1. Govt. probably ordered no one to publish anything and since 90% of the press is controlled by the government...

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  4. So 27 companies in 1st circle
    5 out of 27 made official bid
    and just 4 at the end (Chinese decide to pull out)

    Not good, not good.

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    Replies
    1. No it was 27 companies who expressed interest. You obviously don't know much how international tenders of this kind work. BTW there were only 2 binding bids for Zagreb Airport. Aeroports de Paris and Zuirch Airport.

      But at least you managed your "not good" post for the day.

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    2. Just ignore the troll.

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    3. There were only three binding offers for Santiago de Chile airport this year and it handles almost 20 million passengers per year.

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    4. Bravo Santiago!

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    5. The Chinese withdrew because of the debt HNA Group has accumulated. All plans for future investments have been put on hold.

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    6. The most stupid comment of the day, well done :D

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    7. And all the 4 companies bidding have done it as a good will gesture to Serbia. Noir-dresses will explain this to you. lol

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  5. I think all are more than qualified to run the airport and have impressive portfolios. May the one that offered the most money win.

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  6. Admin it's not only Lyon - bron but also Lyon St-Exurepery :)

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  7. I have no idea which way this could go and who could win. I would like it to be the Koreans but I would have nothing against Vinci or Zurich either.

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  8. What? No Arabs, no Chinese :D

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    Replies
    1. Šta, zar nije bilo namešteno za njih?

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  9. Even though they extended the deadlines a couple of times I think the concession process was done relatively well and quickly. May the best bid win.

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  10. Rumor at the airport is the Koreans have won it.

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  11. It will be interesting to see what the future concessionaire will do with BEG. Will they immediately start work on expanding capacity or will their primary goal be to grow passenger number and airline customers. I'm also interested to see how this could impact Air Serbia.

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    1. Whoever wins I hope they work on attracting more legacy carriers. As for Air Serbia, they already pay full fees at BEG so I don't see how it can impact them except that they could get more competition because the airport management may try harder to attract new airlines.

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    2. South Koreans said they would immediately start expanding the airport.

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  12. Which capital city airport in ex-Yu is left without concession?

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    Replies
    1. Sarajevo and Podgorica.

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    2. Jeez everyone has managed to sell off their family jewels.

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    3. It has made all those airports much more competitive. Out of all of them, Sarajevo needs a concessionaire the most.

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    4. Agree about Sarajevo. So much wasted potential at the moment.

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    5. "Jeez everyone has managed to sell off their family jewels."

      Concession isn't a sale.

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    6. @anon 1:54pm... i agree all of this talk that it's selling the assets makes me laugh. It's basically the government getting money for something that is still theirs. It's up to the concessionaire to earn money in the process.

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  13. I hope they don't extend the deadline again.

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    1. They won't. If they were extending the deadline it would have to have been published in the official gazette yesterday and there was nothing relating to the airport in the gazette.

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  14. Replies
    1. I don't see any Russian companies in the running. There was one and it got disqualified in the first round because it didn't meet the requirements.

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    2. VTB Capital Infrastructure Holdings Limited?

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    3. It has a minor part in a consortium. And officially it's registered in Cyprus ;)

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  15. No official annoucnment yet but here is some info:

    VINCI and South Koreans are the favourites. The concession price won't all go to the government. They own 83,14% of shares in the airport so they will get that amount of money from the toal price paid. The rest will go to minority shareholders.

    According to the concession agreement the concessionaire will have to invest 700 million EUR in the airport in the next 25 years. Passenger number targets for BEG as outlined by concession agreement are projected at 8 million by 2020 and 17 million by 2042.

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    1. Wasn't the Swiss offer the best? I remember such comments.

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    2. It was in the first round, does not mean it is in the second round. Bidders usually offer more in the second round especially if they find out that others have offered more then them.

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    3. They plan to add 2.7 million passengers in 2 years?? That'sa bit impossible.

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    4. @Anonymous December 29, 2017 at 10:20 AM
      Who plans this?

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    5. Let's make a basic math. Considering that the concession agreement and the traffic projection mentioned here are prepared by Serbian government, we can anticipate the expectation of 450M Euro has been calculated based on the mentioned projection. On the other hand, consortia will make their own calculations based on their own projections, which -most probably- will be more realistic than 8M pax in 2020. Assuming 8% growth every year until 2020 (to reach 7M) and and slightly lower (4.3% vs. 4.8% projected) until the end of period (15M), we can expect the revenue accrue nearly 13-15% lower than the government's expectation. So, even in the best scenario (Etihad remains in JU, vision with pink glasses realize etc.), the best offer would be 15% less than expected. And one most be blind not to see the risks involved there, so I assume the best offer would be at least 20% less than the projected value.

      Let's wait and see what's going to happen ;)

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    6. AnonymousDecember 29, 2017 at 10:52 AM

      "Passenger number targets for BEG as outlined by concession agreement are projected at 8 million by 2020 and 17 million by 2042."

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  16. So when will we know?

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    1. During the day.

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    2. Is there some press conference where they will announce it?

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    3. They will just publish their decision in form of a press release.

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    4. what time the press-release is expected?

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    5. anytime until 7pm

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    6. You guys are really impatient :D

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  17. Apparently Fraport is behind the Indian/Greek bid.

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  18. With the Korean bid having both Turks and Russians in them, it's probably best to pick them since it would satisfy some of your biggest trading partners.

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    Replies
    1. I don't understand why so many people think there is some kind of conspiracy behind picking the winner. They will pick the one that offers the most money.

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  19. Nekako sumnjam na Vinci...videcemo dali sam upravu uskoro. DJ.

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  20. Somehow I think Vinci will get it. We'shall see today.....if I was right (wrong).

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    1. Me too. They have been quiet but they have shown the most interest for the airport. Even 2 years ago they said how they would bid as soon as the tender started.

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    2. Especially since they lost in the bidding war for Ljubljana. They want an airport in this region.

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  21. For how many years has Zagreb Airport been given for concession?

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  22. Is the construction of a new terminal in the concession contract or not?

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    1. No one knows except for the government. They said they will publish the concession agreement so then we will know exactly what is required of the future concessionaire.

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    2. I just hope they don't make a similar "deal" like the one they made with Etihad, where the government pays for everything.

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    3. The thing is, we don't exactly know what the requirement the government has given to the future concessionaire.

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    4. The final concession agreement will be fine-tuned after the concessionaire is selcted, in particular the financial and technical parts of the selected bid

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  23. Davanje koncesije za aerodrom Nikola Tesla je siguran put za puni razvoj i potpunu transformaciju.

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  24. Good times ahead for BEG.

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  25. The airport should not have been sold at all!

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    Replies
    1. They are not selling it, they are giving it up for concession for a limited time. There is a difference.

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    2. Through a concession the airport will get more funds and a professional management. Good enough for me.

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  26. It would be funny if someone totally unexpected wins like the Indians.

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    Replies
    1. It will be funny, but I don't see it coming :)

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  27. Petak. Veliki dan za aerodrom Nikola Tesla. Od danas zapocinje novi dani razvoja i povecanje broja putnika i ljudi koji postuju. Ljudi koji zele veliko povecanje celog aerodromskog kompleksa. Sjajno! "D" dan je stigao. Dugo je putovavao i stigao je. Srecno. 🇷🇸😀
    Radovan.

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    Replies
    1. Vidjećemo! Sad je sve u Božije ruke.

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    2. Sticice i u ljudske. Samo da ne budemo ostrasceni, svadljivi prema ljudima sa kojima nemamo podudarna misljenja. Budimo ljudi. Budimo tolerantni. Razgovori i diskusije o aerodromima i avionima moraju uvek biti pristojni, iskreni. Srecno novo leto.
      Rodney 😀

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  28. It all depends who gives the best proposal but I think the Koreans would do the best in terms of infrastructure.

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  29. What about the eerie silence about this topic in Serbian media? That smells very bad.

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    Replies
    1. Yes it smells terrible Give it a rest.

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    2. What eerie silence? Everyone has published this morning that a decision will be made today. Yesterday there were articles in a few newspapers about what the expectations are. So where is the eerie silence exactly? The fact that they haven't pre-announced the winner? Had they done that you would be the first to bark that the tender is fixed.

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    3. The fact that there has been no leaks, little speculation in the media, and few experts claiming to know who won because of so and so, is concerning in itself. Why, because it is 'un-Serbian' like. Joking aside, dare I say thing seem to be going relatively smoothly ... for now.

      Ajmo Koreja!

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  30. I am excited at the prospect of some real development and investment at BEG

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  31. Off-topic, but BEG welcomes the Japanese Air Force One B744 on 15th Jan.

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  32. I expect from the new concessionaire to build a new terminal and possibly a new runway towards the end of the concession contract. Focusing on cargo could also be lucrative.

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  33. It is almost 3PM and still no news?

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    Replies
    1. Good cooking takes time.

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    2. Pretty much every major announcement comes early in the morning. Not to mention they have not even reported when and where will the press conference be held and literally zero articles about it in the media. I say they will postpone it for next week.

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    3. You don't know a lot obviously.

      1. They can't postpone it. Under law when postponing they have to publish that in the Official Gazzete of the Republic of Serbia 24 hours before the deadline passes (as they have done every single time). The deafline passed at modnight. You can find the official gazzete from yesterday online. No announcement of postponing the decision.
      2. They are not at all requred to hold a press conference and there hasn't been an example of one held in the region when a preliminary decision is made - only when they sign the concession contract which is in March.
      3. There are numerous articles in the press. Over 20 at least. I will give you links just for a few
      https://www.kamatica.com/vest/danas-istice-rok-za-izbor-koncesionara-za-aerodroma/55569

      http://www.danas.rs/ekonomija.4.html?news_id=366446&title=Građanima+sleduje+76+miliona+evra+od+koncesije

      http://www.novimagazin.rs/ekonomija/sutra-istice-rok-za-izbor-koncesionara-za-beogradski-aerodrom-nikola-tesla

      http://www.bizlife.rs/biznis/poslovne-vesti/cekajuci-koncesiju-za-beogradski-aerodrom/

      So you see you are wrong.

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    4. Cekaju da se smiri odusevljenje zbog uvodjenja mocNe laste u naoruzanje.

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    5. I dislike this eerie silence and postponement. There must be something fishy going-on which is certainly not in the interest of the Serbian taxpayers. I hardly imagine Vinci giving up on this.

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    6. Like someone in this country respects the law LOL They are the law and they can do whatever they want. You talk like we live in Switzerland LOL
      3.30PM ...

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    7. IR 720 just because you like the Balkan way of doing business does not mean ot should be the norm.

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    8. So what is not a Balkan way of doing business, postponing an announcement that you already date-set because it's Christmas in a minority of countries involved (cause you didn't know when it will be when setting the date) and then pronouncing a strategic decision on Friday at 7PM after the stock-exchange has closed?

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    9. Ir720 google a little. 24/25th December was a public holiday in all countries involved except Turkey. It was a public holiday in India, Korea, Greece, France, Switzerland, Cyprus

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    10. So why did they set it originally? A mistake? How unprofessional. Are you a government bot?

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    11. Are you unable to have a normal discussion with someone just becaise I didn't give your comment a standing ovation and pointed out that one of your points is false?

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    12. None of my points are false and especially the main point. Yeah, 25 December is 'public holiday' in India observed by how many? As many as the Kuban-Bayram in Serbia. So you shouldn't have started making a fool out of yourself in the first place and instead focussed on the main argument which is that their behaviour is murky and unprofessional. Period.

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    13. You are the one making a fool of yourself. 25th december in India is a public holiday and a non working day in the entire country. Who personally observes it is completely unimportant because it is a non working day. So yes your claim that december 25 was a holiday in a minority of countries involved when in fact it was in nearly every country involved was false. Take a chill pill.

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    14. So why did they set it then on the 25th? To postpone it intentionally?

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    15. Still no Balkan way of doing business?

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    16. Agree with the second runway. In 5 years time BEG will be needing it urgently.
      But the biggest question is where?

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    17. @3.14 A Offici Gazzeta? ha ha ha ha ha ha ha ha.

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  34. May be now they will postpone because of the new year lol

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    Replies
    1. They can't postpone it. Read the comment above. Also 25th of December was a public holiday in France, Switzerland, Greece, South Korea, Cyprus and India. So yes, it was normal to postpone it.

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    2. And they didn't know that 25 December is a holiday in those countries?
      Is this a new holiday?

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  35. Kako ste naivni, pa čekaju večernje sate da objave kako bi bilo što manje vremena za moguće reakcije javnosti. Sutra je subota, zatim nekoliko neradnih dana kada svi misle o praznicima, a ne o koncesiji. Sve to govori o tome da ovde nisu čista posla čim su čekali poslednji momenat pred praznike da objave vesti.

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    Replies
    1. A mozda se ceka da nam predsednik saopsti u Dnevniku 2 ;)

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    2. A mozda ce objaviti u onom ponocnom dnevniku??

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    3. Kad ono beše pinkov dnevnik?

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    4. Ne znam za Pink, ali Happy je od 19h :D

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    5. A na sta ce javnost da reaguje, na koncesiju? Zna se vec mesecima da aerodrom ide na koncesiju.

      Ne razumem ove teorije zavere..

      Uostalom, vest je da ce danas doneti preliminarnu odluku, nigde niko nije rekao da ce ta odluka biti saopstena ikome ko ne ucestvuje direktno u procesu.

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    6. Ma nemoj. Danas će da potpišu preliminarni ugovor, i misliš da vlada neće nikome to javiti?

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    7. Kao sto sam napisao, javice onima koji ucestvuju u procesu. Zasto mislis da tebi licno mora da se javi?

      Jos da cujem sta to treba da se sakrije od naroda pa se cekaju sitni nocni sati?

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    8. Cekaju velikog predsednika da presudi dok su se oni podelili.

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    9. Ne razumem te. Misliš da to sve treba da bude tajna? Da niko nezna ko je dobio aerodrom? Alo bre čoveće.

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    10. I sta bi na kraju, jel bilo kako sam rekao?

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    11. Ništa novo, koja sramota od države!

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  36. Have you conapiricy theorists thought that there might be no leaks and that politicians kept their mouths shut because any leak could result in court cases against the government?

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    Replies
    1. Don't forget that many people in this government are incompetent. Need I say more?

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    2. Oni sede u vladi nekompetentni, a ti pises na ovom blogu. Cccc, da li osecas da ti nesto fali?

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    3. Sa svim doktoratima mega dans koledže. Neka, fala.

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  37. I wish they get this money, however it seems a lot. After all, they will expect to make some return on investment. '450 million euros, we expect investments to amount to 700 to 800 million euros, as well as an annual tax of some five to six million euros'

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  38. Just look at this news on BSE:
    http://www.belex.rs/data/2017/12/00106514.pdf

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  39. Celi dan se čeka da se sete da objave ko je dobio koncesiju, do kad će ovo da traje? do 23.00 ?

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  40. Oce li vise? Oce li se spustiti ocinska ruka druga predsednika?

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  41. Vinci definitivno, uskoro objava!

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    Replies
    1. Ne šali se, Koreja je dobila!

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    2. Ne salim se uopste! Ceka se verifikacija, posle pauze.

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    3. I kada se ocekuje zvanicna objava?

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    4. A odakle ti ta informacija?

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    5. Toliko o transparentnosti!

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  42. To admin: please change headline to "Belgrade Airport concession decision tonight"

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  43. Admin did you read this:

    Ministarka građevinarstva Zorana Mihajlović izjavila je... da očekuje da će najbolja ponuda biti izabrana do kraja ove ili u prvih 10 dana naredne godine.

    source: https://www.b92.net/biz/vesti/srbija.php?yyyy=2017&mm=12&dd=21&nav_id=1338669

    ReplyDelete
    Replies
    1. You are sharing old news from almost 10 days ago. Only relevant decision on this is made by public body. They said they will make a decision on 29th december.
      http://www.beg.aero/admin_images/meni_doc/odluka-o-produzenju-roka-1_4591_c814d1ba0d589bc.pdf

      oh and I found that they did report on what the minister said
      http://www.exyuaviation.com/2017/12/belgrade-airport-concession-decision-due.html

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    2. U Koreji je vec 30-ti a za 4 sata i u Srbiji.

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  44. Bruka i sramota, fijasko.

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  45. Odlicna i mudra odluka u stilu Pantelije. Svu moju imovinu ukljucujuci i koncesiju za aerodrom dodeljujem samom sebi jer u sve vas deco nemam ni malo poverenja. Ko je vas poznavao tome ni pakao nece tesko pasti.

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  46. No announcement yet?

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  47. I think that it has something to do with the situation of Air Serbia. There are very strong rumours that Ethiad is withdrawing from ASL in early January. This would heavily inflict the whole process and the net worth of the airport......

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    Replies
    1. And where are you hearing these rumours? Lol. They already made the decision. It's Vinci. They will issue joint press release in few days.

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    2. I agree with you. It is Vinci indeed!! Expect more flights to France loly

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  48. I only see BEG and DBV as the true leaders in the ex Yu region. I am saying this because both airports have worked so hard to achieve all those remarkable results.
    Good luck BEG and also to DBV that I am confident will soon be on the top of the list.

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    Replies
    1. Cim mi netko spomene izraz "lider", grohotom se nasmijem

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  49. So the Russians and Chinese are out! I think the winner will be the français as they did with ZAG. New terminal in 3 years, expensive airport and BEG will continue competing with ZAG as the shiniest airport in the Balkans. If only there were more LCC.

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    1. LCC ne opravdava investiciju

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  50. That is some serious BS!
    Balkan way of government running a "competition"....

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  51. Any idea what caused this delay?

    My guess is that Serbian government is simply asking for way too much. Just my humble but I think it's either a 4 to 5 hundred million payment up front with Serbia having some future financial responsibilities like paying all or part of airport development work or 4 to 5 hundred million total invested into the airport by the new operator with a yearly dividend payed to Serbia with no or a much smaller upfront payment.

    The negotiations must be pretty intense.

    Apart from Zagreb, do we have any other similar comparison where we could gauge what a reasonable outcome would look like?

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    Replies
    1. Is it true that ZAG terminal was scaled back from the agreed size ?
      Gov't can ask whatever they want. Similar situation to that of Telekom, when Dinkic ( if I recall correctly) floated some crazy figures in the press. in the end it wasn't sold.

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  52. Sta to bi "strucnjaci" @3.14 i @3.28?

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  53. hahha
    what a serprise. It's funny how I "predicted it" when I was just joking. May be on the 5th they will postpone it again, because of the Christmas. lol

    ReplyDelete

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