The Albanian government has selected an audit company to conduct a review of the concession contract with Tirana international airport.
The state-run civil aviation authority claims to have selected BDO Albania - member companies of BDO International - to carry out the review of the airport concessionaire in a report that will be prepared in 40 working days for 219.000 euro.
The reasons for the contractual revision
The economic review follows the frequent concerns about the alleged abuse of the dealer in charging high taxes that make it difficult for low-cost companies to operate and that, consequently, entail high-priced tickets for passengers.
The contract review is provided for by the contract signed between the Albanian government and the concessionaire company in the 2004. The economic position of the company will be assessed by examining income, expense and rate of return.
The Albanian air transport code allows the civil aviation administration to intervene in the event of discriminatory fares and high abusive prices.
The Tirana International Airport
In the 2016 the TIA - after being managed by a German dealer - was taken over by a Chinese consortium, becoming one of the most profitable companies in the country with profit rates up to 38%.
The Chinese consortium, in fact, has seen its profit increase to around 18 million euros in the 2017, registering an increase of 25% compared to the 2016, according to what is reported by the National Business Center.
However, the competition authority in Albania has stated that all airport rates are much higher than in other regional airports.
TIA officials denied the claim e have attributed the high price of current tickets to other factors such as domestic airline policy and other expenses in general.
By the autumn of the 2019, Albania will have two international airports. Such as confirmed by the Albanian premier Edi Rama, in fact, very soon the works of the Kukës airport will begin, which should be completed by the autumn of next year.
However, its location in Kukës, a two-hour drive from Tirana, will make the airport competitive only in the event of significantly lower prices than theTirana airport, which often forces passengers to fly from neighboring countries that offer cheaper fares.
Albania has also announced plans to build a new one airport in Vlora , in southern Albania, under a concession agreement with a Turkish consortium, but the contractual negotiations have not yet been able to materialize.
Il Albanian government is planning also an smallest airport in Saranda, in an attempt to give a strong boost to the emerging sector of the tourism along the rAlbanian Riviera.