Turkish group bids below minimum fee for Islamabad Airport operations

A Turkish consortium, the sole bidder to take over the operations of Islamabad airport, has offered a concession fee below the minimum threshold, the chairman of the bid evaluation committee said on Thursday.

Pakistan is looking to generate revenue by speeding up a privatisation push, including outsourcing the running of three major airports.

The consortium, comprising Terminal Yapi, ERG Insaat and ERG UK, bid to pay the government 47 per cent of its revenue from operations in the form of a concession fee...