Deputy Prime Minister Mohammad Ishaq Dar has directed the authorities concerned to ensure the completion of Islamabad airport outsourcing project in shortest possible time and in the most transparent manner.

He gave these directions while chairing eleventh meeting of Steering Committee on outsourcing of Airports in Islamabad today.

He highlighted the importance of the project for leveraging maximum revenue potential of Islamabad Airport as well as enhancing passenger experience.

On this occasion, the Secretary Aviation briefed the Committee that Islamabad airport outsourcing project has attracted interest from various airport operators including those from Europe.

Some of these operators have formed consortium with local investors and are undertaking legal and financial due diligence. Their teams have visited Islamabad airport recently.

However, in view of the complexity of the project, four potential bidders have requested for an extension in the bid submission date, fixed for 15th July, with a view to
allowing them to complete their due diligence. Such an extension will allow more competition and thus better value for the project.

The Steering Committee allowed extension in the bid submission date for two months.

The Steering Committee further directed that the potential bidders shall be engaged and fully supported by the Ministry of Aviation and IFC for early completion of the due diligence and ensuring maximum participation in the bidding process.

The Steering Committee further decided to closely supervise this process to ensure that no further extension is required.

Source: Radio Pakistan