Decision of the Tender Committee for Airports: IIAC ranked first, and CAAP ranked second

The Korean firm received 96,18 points, while the Luxembourg-American was given 65,18 points.

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Tivat Airport, Photo: Shutterstock

Disclaimer: The translations are mostly done through AI translator and might not be 100% accurate.

Mihailo Jovovic

Marija Mirjačić

04.07.2025. 16:48h

The tender commission for the implementation of the concession award procedure for Montenegrin airports has completed the evaluation of the submitted bids and compiled a ranking list of bidders.

In the competition between two companies - the Luxembourg-American Corporación América Airports (CAAP) and the South Korean Incheon International Airport Corporation (IIAC) - the Korean company was rated as the most favorable bidder, receiving 96,18 points, while the CAAP bid came in second place with a total of 65,18 points, "Vijesti" learned from two sources familiar with the ranking results.

According to the procedure, the Tender Commission submits a report with ranked bids to the Ministry of Transport, which then forwards it to the Government, which must make the final decision.

The tender was announced in 2019.