Islamabad: Pakistan has appointed the Asian Development Bank (ADB) as the financial and transaction adviser for the outsourcing of Islamabad International Airport, marking a key step in the government’s privatisation programme.
The transaction advisory services agreement was signed by the Privatisation Commission and ADB following approval by the Privatisation Commission Board.
Under the agreement, ADB will provide technical, financial, legal, environmental and commercial advisory services to help structure and implement the outsourcing process in line with international best practices.
According to the Privatisation Commission, the advisory support will facilitate a transparent and competitive bidding process aimed at attracting leading international airport operators and investors.
The government plans to outsource Islamabad International Airport to a qualified private-sector operator under a long-term concession framework to improve operational efficiency, enhance passenger services and ensure the airport’s long-term sustainability.
Officials expect the outsourcing process to be completed within nine months, while the due diligence phase is scheduled to conclude within the next three months.
Samra Zulfiqar, a real estate analyst at Zameen.com, is passionate about finding projects that offer buyers the best returns. Her keen insights spotlight the market’s most promising opportunities.
