BAS Enters into Concession Contract to Provide Ground Services to New Airport for 15- Year Period
2018-11-19 - 9:34 p
Bahrain Mirror: An official at Bahrain Airport Services (BAS) has announced that the company has entered into a new concession agreement to provide ground services for a period of 15 years, ending by 2034, at the Bahrain Airport, scheduled to open by the end of 2019.
The Chairman of the Board of Directors of the Bahrain Airport Services, Jalal Mohammed Jalal, highlighted that "the old concession contract made in 1977 since the establishment of the company ends by 2020," pointing out that "the company reached an agreement with the Ministry of Transportation and Communications to extend the employment contract at the airport for 15 years until the year 2034."
"The agreement will enter into force in 2022, coinciding with the modernization program of Bahrain International Airport to be completed in the third quarter of 2019," Jalal said in a statement on the sidelines of the Bahrain International Air Show.
The expansion project of the Bahrain International Airport, which is expected to open at the end of 2019, was launched in early 2016. The total cost of the project is about $1.1 billion. It is being executed with a grant of $918 million from the Abu Dhabi Fund within the framework of the Gulf Development Program approved by the GCC in 2011.
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