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Dan Boiangiu, Arval
Public and private investment seems to re-gain a proper focus»

  Exclusive    The airport project at Adunatii Copaceni, similar to Brussels South Charleroi Airport

2012-05-14 14:56:05

The airport project to be developed by the group of companies controlled by Romanian businessman Nelu Iordache and comprising also companies as Blue Air, Romstrade or Infra Group, will be similar to airports in Budapest, Bratislava, or the airport in France’s largest city, Marseille or Brussels South Charleroi Airport. Gheorghe Racaru, group strategy and corporate planning manager within Infra-Group, told The Diplomat-Bucharest that currently, the project expects the issuing of feasibility study . in the meantime, the company looked for investors of the estimated-worth  EUR 220 million investment and they may be foreign financial institutions and even hedge funds ,” some of them with no local office or operations in Romania”. According to Racaru, the feasibility study is estimated at several hundred thousand euro, having been developed by Lufthansa Consulting.  Call for offers has been launched by the Romanian company in July- August last year when they received 15 consultancy offers in the first stage and, after the second selection stage of 7 companies, they chose to work with Lufthansa Consulting for Bucharest South International Airport project. “In the Northern Bucharest, there is no space to develop an extension of Otopeni airport and even less, a new airport. For low-cost airlines, most of the traffic comes from Southern and Eastern Bucharest, as 70 percent,” said Racaru. According to him, Brasov doesn’t need a new airport, and tourism expectations are not reasonable. “There are 5 airports in Western part of Romania and expect one or two, they are registering very low traffic performance, especially those which are not backed up my military operations,” said Racaru. For the new airport in Southern Bucharest, Racaru said that, besides Blue-Air, the company runs talks with other airlines and the airport fee will be lower than Otopeni. The project at Adunatii Copaceni  will comprise to 45,000 flight attendance space, projected for a capacity of 2 million passengers’ yearly and a flight track of 3,200 meters, similar to the one at Baneasa airport. Also, the airport project will have 10 boarding gates, parking spaces and a commercial area. The investment in this project is estimated at EUR 220 million and, so far, the investors didn’t identify a certain financing source but currently, the feasibility studies are being run. The construction workings at the new airport are estimated to last 30 months since the company obtained the zone urban plan (PUZ) permit. The airport will predominantly serve Europe, North Africa and the Middle East.

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