What was the outcome of the Turkish consortium’s bid for Islamabad Airport operations reported on January 2, 2025?
AOffered below the minimum fee
BAccepted with conditions
CAccepted at the minimum fee
DRejected due to lack of experience
Correct answer
A. Offered below the minimum fee
Explanation
A Turkish consortium, the sole bidder for Islamabad Airport operations, offered a concession fee of 47% of its revenue, below the government’s minimum threshold of 56%. The matter was referred to the International Finance Corporation for further evaluation.