Islamabad (Khyber Mail): The Pakistan Airports Authority (PAA) has initiated the bid evaluation process for the outsourcing of Islamabad International Airport, following the opening of TERG Consortium’s financial proposal at PAA Headquarters today.

Submitted on October 7, 2024, the proposal will undergo thorough assessment by the International Finance Corporation (IFC), the transaction advisors. IFC’s evaluation report is expected to be presented to PAA by January 9, 2025.

The final concession award will depend on the PAA Board’s review and subsequent approval from the Federal Cabinet.

The bid opening ceremony was broadcast live on national media and streamed on PAA’s official social media platforms, ensuring transparency in the process.

By Admin

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