The project for a modern terminal at the Plovdiv airport could be implemented before the Cabinet serves out its term in office, Transport Minister Petar Moutafchiev said on August 25.

The general development plan for the airport should be approved within a week.

Moutafchiev met with the managers of the Bulgarian stake in the airport, which is also the party licensed to provide airport services. Two companies with identical names, International Airport EAD and International Airport AD, operate at the Plovdiv airport.

Earlier this year, Alfa Finance Holding bought the majority stake in International Airport AD from Swiss-registered TADO. The agreement for the construction of the new terminal, with an area of 0.5ha, will be signed with International Airport AD over the next couple of days.

Moutafchiev said there is no reason why Alfa Finance should not be licensed to provide air freight services.

The cost of the new terminal is estimated at some 18 million leva. A further 20 million leva will have to be invested in infrastructure improvements. The funds for the new terminal have been secured with the consolidation of the state-owned stakes the international airports in Varna, Bourgas and Plovdiv.

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