The Seimas adopted the Lithuanian airports concession law on Thursday which establishes the legal and organizational conditions for the concessions for the country’s international airports.
The concession will be granted through an open public tender and the concessionaire will have to assume full economic risk.
The legislation provides the legal basis to grant the concession holder permission to carry out economic commercial activities related to airport infrastructure design, construction, extension, renewal, modification, repair, management, use and (or) supervision, to provide public services, as well as to manage and (or) use of state property in Vilnius, Kaunas and Palanga airports.
Under the new law, the decision on airport concession project implementation will be taken by the government upon approval of the Seimas.
The airport infrastructure will remain in public ownership.