The opening ceremony of the financial bid was held at the Pakistan Airport Authority headquarters in Karachi, during which the only shortlisted Turkish company participated in the bid.
According to the spokesperson of Pakistan Airport Authority, the company has offered to contribute 47.25 percent of the revenue of Islamabad International Airport.
According to PAA sources, matter will now be referred to the International Finance Corporation (IFC), a member of the World Bank Group, which is advising Islamabad on outsourcing before Pakistan decides whether the bid can go through.
“The details of the financial proposal will … be presented and forwarded to the IFC for further evaluation and submission of final reports,” said Sadiq ur Rehman, the chairperson of the bid evaluation committee and deputy director general of Pakistan Airports Authority.
