All three consortiums interested in the privatization of Greece’s regional airports have made it to the second stage of the tender, which concerns binding bids, state sell-off fund TAIPED decided on Monday.
The fund’s board ratified a recommendation by its consultants for accepting the validity of the binding offers by Corporation America SA-METKA, by Fraport AG-Slentel Ltd and by Vinci Airports SAS-Aktor Concessions SA for the concession of the rights of use, operation and management of 14 regional airports around the country.
The next step to the completion of the tender process will take place on Tuesday, as the TAIPED board will open the money offers of the three bidders as well as the valuation of the independent assessor. However, it is highly unlikely that a preferred bidder will emerge on Tuesday, as each offer is complicated and the proposed investments in the upgrading of airports will also have to be assessed, too.
This is actually the first time that TAIPED has reached the last stage of a tender with more than just one suitor. The high demand is attributed to the significant growth in Greek tourism and political concerns in neighboring states.