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Court Halts Bulgarian Coastal Airports Concession Deal

Date: 20.10.2005
Bulgaria's Supreme Administrative Court overturned a government decision to grant the concession to Copenhagen Airports AS. SAC ruled that the Cabinet should continue the negotiations for the concession with the other candidates - Fraport AG and BM Star and the Vinci Concession and Vinci Airports consortium. Besides that Bulgaria's Council of Ministers should pay BGN 80,075 to the Vinci Concession and Vinci Airports consortium, which is equal to the taxes they have paid for the legal suit. Another BGN 50 M will be paid to Fraport AG and BM Star. Copenhagen airports said they will appeal the court decision on bulgarian deal.
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