Fraport launches €50 million runway upgrade at Burgas Airport

Michael Reusch
Michael Reusch
0Comments

Fraport Twin Star Airport Management AD has started a major runway rehabilitation project at Burgas Airport, with an investment exceeding €50 million. The official groundbreaking ceremony was held on November 10, coinciding with the 19th anniversary of the airport concession in Bulgaria.

The event brought together several officials, including Deputy Minister of Transport and Communications Anguel Zabourtov, Burgas Regional Governor Vladimir Krumov, Mayor of Pomorie Municipality Ivan Aleksiev, Deputy Mayor of Burgas Municipality Stanimir Apostolov, Senior Executive VP Global Investments & Management at Fraport AG Holger Schaefers, Chairperson of the Supervisory Board of Fraport Twin Star Denitza Weismantel and board member Hristo Todorov. Local authorities, institutional representatives, and business partners were also present.

Archimandrite Dimitry conducted a blessing for the occasion. Attendees observed ongoing construction activities on the runway, taxiways, and apron. The ceremony ended with a cake-cutting to mark the start of what is described as one of the largest infrastructure investments in Burgas Airport’s history.

According to Fraport Twin Star Airport Management AD, this project reflects their commitment to high safety standards and sustainable airport development. Construction will take place during winter while flight operations are suspended; reopening is planned before Summer 2026.

“This project is a strategic investment in the future of Burgas Airport and the region. It demonstrates our long-term commitment to Bulgaria and to the continuous improvement of airport infrastructure that meets international safety and quality standards. Investing today means laying the foundation for opportunities of tomorrow,” said Michael Reusch, CEO of Fraport Twin Star Airport Management AD.

After more than four decades in use, the existing runway surface requires full reconstruction. The work will involve replacing pavement structures, installing new lighting and drainage systems, modernizing safety zones to meet global standards, and laying approximately 100,000 metric tons of asphalt over 3,200 meters. Renovations will also update apron areas with similar improvements.

The construction is led by Bulgarian company Stimex EOOD as part of a consortium that includes Avtomagistrali – Tcherno More JSC (specializing in asphalt pavements) and UTI Construction and Facility Management SA from Romania (electrical engineering).

Fraport Twin Star states that this investment aims to further develop efficient airports along Bulgaria’s Black Sea coast while supporting tourism growth and regional economic activity.



Leave a Reply

Your email address will not be published. Required fields are marked *

Related

Jože Colarič President of the Management Board and CEO Krka d.d.

Krka receives S&P Global CSA score for sustainability performance

Krka has received a score of 55 out of 100 in the 2025 S&P Global Corporate Sustainability Assessment, according to an announcement made on December 3, 2025.

Assoc. Prof. Manyu Moravenov

Bulgarian financial leaders discuss market integration at annual community forum

The annual gathering of the financial community in Bansko focused on the development of Bulgaria’s capital market, initial steps toward closer integration among European exchanges, and upcoming regulatory changes.

Asen Yagodin Chairman of the Board Bulgarian Stock Exchange

Bulgarian Stock Exchange Group releases consolidated financial report as of September 30, 2025

Bulgarian Stock Exchange Group has released its consolidated financial report for the period ending September 30, 2025.

Trending

The Weekly Newsletter

Sign-up for the Weekly Newsletter from Balkan Business Wire.