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Igor Dodon says in what conditions airport concession agreement can be terminated


https://www.ipn.md/en/igor-dodon-says-in-what-conditions-airport-concession-agreement-can-7967_1073516.html

Avia Invest, which manages the Chisinau International Airport, has debts totaling 50-60 million lei to the state and the company’s accounts were blocked. “A clause of the concession contract says that in case of the investor’s insolvency, the contract is considered automatically annulled,” President Igor Dodon stated after the May 14 meeting of the Supreme Security Council, IPN reports.

The official noted that effort has been made at a number of levels for the airport to be transferred back under state management. Avia Invest is obliged to pay the aeronautical surveillance tax. Last year, the debt to the state was of 118 million lei, for May 2017 – June 2019. But the functionaries signed a rescheduling agreement at the time of the Sandu Government so that those millions were to be paid until May 2020. If they had insisted on the repaying of the debts immediately, not in parts, the concession agreement would have been annulled already.

Igor Dodon noted that he asked Cabinet members to provide information about the functionaries of the former Government who encouraged that rescheduling.