Islamabad International Airport’s outsourcing plan has been finalised.
According to the source, the airport will be outsourced for 15 years in exchange for a $100 million advance payment (non-refundable) in the event of a third-party infringement.
According to sources, the third party will handle administrative, financial, design, and construction difficulties. A third party will be permitted to build retail malls and brand stores at the airport.
According to the agreement, service charges, exchange rates, and shop rent will also be retained by the third party.
Customs, site security, and immigration services will be handled by the Civil Aviation Authority (CAA), according to sources.
Previously, the Pakistan Aircraft Owners and Operators Association (PAOOA) protested the coalition government’s “unilateral” move to privatise the country’s key airports without following PPRA standards.
The group issued a statement condemning the government’s plan to award contracts to IFC and World Bank (WB) for the outsourcing of three airports.
“All proceedings of major airport outsourcing have been kept secret by government, making the entire process doubtful and dubious,” the statement said.