TIRANA (Albania), February 9 (SeeNews) - Albania's parliament decided on Tuesday to extend by the concession of the Mother Teresa international airport in Tirana to 35 years from the original 22, online news portal Exit reported.
Albania's government proposed the extension of the airport concession by 13 years in late January on account of an investment plan announced by the concessionaire. The original contract would expire in April 2027.
Tirana International Airport (TIA) company, which holds the concession to operate the Mother Teresa airport, said in January it plans to invest approximately 100 million euro ($121 million) in the improvement of the airport's infrastructure. Albanian diversified group Kastrati acquired TIA from Chinese Real Fortress Private Limited for 71 million euro in December.
($ = 0.8264 euro)