The International Air Transport Association (IATA) and Deloitte have published guidance materials for governments considering a concession based privatization for airport infrastructure.
Balanced Concessions for the Airport Industry builds on industry best practice and the results of research into the effectiveness of concession contracts from the perspective of a range of stakeholders. The guidance document provides a framework for new ways of developing and delivering airport concession contracts based on a wider stakeholder perspective than currently typically used.
The new “Balanced Concession” model aims to identify similar and aligned interests to target a “virtuous cycle” in airport concessions which benefits the aviation industry, mitigating risk and delivering innovation, better public value, and an improved consumer experience.
The aim of Balanced Concessions for the Airport Industry is to help governments make better-informed decisions using best-practices gleaned from decades of experience with the good, the bad and the ugly of airport concessions.
Balanced Concessions for the Airport Industry was commissioned by IATA and researched by Deloitte. It is freely downloadable from the IATA Website.
Tags:IATA
