French consortium ZAIC (Zagreb Airport International Company), who earlier this year signed a 30-year concession to build and manage a new passenger terminal in Croatia’s capital Zagreb, has announced that Turkish Company TAV Airport have bought a 15 percent stake in the consortium packet.
TAV Airport, who originally put in a tender during the concession process, currently manages 12 airports in the world. The French consortium had another reason to team up with the Turkish company, they are currently a strategic partner at Paris Airport. Paris Airport this year purchased a 38 percent stake in the TAV group.
Over the next three years a new terminal worth 236 million euros will be built, which would, for the beginning, be able to accommodate 5 million passengers per year. In the second phase, the building will be expanded to a capacity of 8 million passengers.