Bulgaria's Varna Airport is opening a new passenger terminal on Thursday, August 15. The investment in the project and the related infrastructure exceeds 75 million leva (about 37 million euro), concessionaire Fraport Twin Star Airport Management said. The capacity of the new terminal is about three times bigger, as it can service 1,037 passengers an hour.
The construction of a new terminal is part of Fraport Twin Star Airport Management's investment program. The company won a 35-year concession on the airports in the coastal cities of Varna and Burgas in 2006 with a commitment to invest 403 million leva over the period. Currently 60% of the company is owned by Germany's Fraport, the remainder is held by a company of Chimimport Group, which is also owner of air carrier Bulgaria Air.
Fraport Twin Star Airport Management posted 123 million leva revenue and 24 million leva profit in 2012, beating state-owned Sofia Airport. A total of 2.3 million passengers were serviced in Burgas last year and 1.2 million in Varna.Read more in Bulgarian here.