Iraqi authorities called on international private sector companies to bid for the expansion and operation of Baghdad’s international airport after years of neglect in the conflict-scarred country.
In September, the government signed an agreement with the World Bank’s International Finance Corporation (IFC) to invite private companies to upgrade Iraq’s main airport.
Iraq “is launching a two-stage public tender to select a private partner to rehabilitate, expand, finance, operate, and maintain Baghdad International Airport under a long-term Public-Private Partnership (PPP) contract,” according to the official document calling for bidders and seen by AFP Tuesday.
It is the “first time that the Iraqi government, in cooperation with the IFC, opens its airports to private international investment,” Farhad Alaaldin, the prime minister’s foreign affairs adviser, told AFP.
It is “a step that will elevate the aviation sector to international standards,” he added.
The deadline to submit bids is September 12, and the winner “is expected to modernize and rehabilitate the airport infrastructure, expand passenger and cargo terminal facilities… and operate and maintain the airport in line with international best practice,” the document added.
The IFC, according to the document, “is acting as the lead transaction adviser for this PPP project.”
Alaaldin said the tender process relies “on the IFC to have oversight over the project from its inception and to work on the economic model.”
The IFC’s involvement, it is hoped, will “give more confidence to the world class companies to bid,” Alaaldin said.
“Iraq is open for business and inward investment is on the rise,” he added.- Arab News
