Karanovic & Nikolic’s Poljak comments on Belgrade Airport in Monitor Global Outlook

Marjan Poljak, partner at Karanovic & Nikolic, was recently quoted by Monitor Global Outlook as an ‘on-the-ground expert’ in connection with the announced development of Belgrade Airport.

The government has announced that it will use a public-private-partnership (PPP) model for investment in Belgrade Airport. An estimated $1bn (£640m) will be invested in building a third terminal to be used exclusively by Air Serbia, while Terminal 1 will undergo reconstruction and a second runway will be built in, with a cargo centre and hotel nearby.

The government plans to offer a 20-year concession and several parties have already expressed their interest in taking part. The interested parties include Arabec Holding, the Persian Gulf’s largest construction company, Greek-based Copelouzos Group, Fraport, which has recently invested in Ljubljana Airport, and the EBRD.