Government Awards 30-Year Airport Concession to Incheon Consortium

At its 121st thematic session, the Government of Montenegro adopted the proposal to award a 30-year concession for Podgorica and Tivat airports to the top-ranked bidder, Incheon Airport Consortium, with the Draft Decision and Draft Concession Agreement now heading to Parliament for ratification. The estimated value of state assets under the procedure is €264,364,759, while projected direct financial effects to the State are at least €1 billion over the 30-year term - with the State retaining sole ownership of land and existing airport infrastructure, leaving public property status unchanged. Parliamentary approval would unlock committed terminal expansion and capacity upgrades at both gateways, materially improving long-haul accessibility and reinforcing the demand case for Tivat-area coastal real estate, marina assets, and branded residences through the 2026-2028 investment cycle.