FAAN Advertises Commercial Concessions

The Federal Airports Authority of Nigeria (FAAN) says it advertises all commercial concessions and infrastructural facilities, as well as invites bids for such concession/facilities from both local and international investors, in the interest of transparency.
A press statement from FAAN explained that the authority had realised that the private sector must be engaged to develop and boost business at the nation’s airport, as such is the accepted international standard.
The statement from FAAN’s corporate affairs unit also rekindled hope that the strategy will not only boost business at the airports, but that moe revenue will be earned in coming years.
“FAAN had realised that the private sector must be engaged to develop and boost businesses at the airports”.
“That is the way it is done in other ports of the world. With this new strategy, it is hoped that in the coming years, FAAN would earn more from non aeronautical revenue sources than from aeronautical sources”, he statement posited.
Some of the infrastructures which FAAN said it needed the private sector participation includes the construction and management of hangar facilities as well as fixed base operations.
Other facilities includes the construction and management of hospitability facilities. including but not limited to hotels, construction and management of automated car park, and development of terminal buildings, among others.

Corlins Walter