Once passenger numbers reach five million annually, the second phase of the project would begin. During this second phase the terminal would be expanded with the addition of air bridges to the western side of the building, costing an additional 72 million Euros. Finally, during the third phase, air bridges would be added to the eastern side of the terminal at a cost of 44 million Euros.
How will the finances be secured? Peović suggests that there are several financing options which include the Government, the European Union Cohesion Fund and strategic partnership with a private company. Peović believes that the public private partnership would be the best option. This method has been successful in Croatia so far. It entails a private company footing the bill for a large infrastructure project (in this case the airport) after which it is given the right to run the airport for several decades, taking in all the profits. Afterwards the airport would be returned to the Government.
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