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An independent audit of Avia Invest's real investments in the development of Chisinau Airport will be urgently conducted in Moldova.

An independent audit of Avia Invest's real investments in the development of Chisinau Airport will be urgently conducted in Moldova.

It will be conducted by a commission for monitoring the implementation of the concession contract of the capital airport, the composition of which was updated on August 29. This was reported to journalists by the Minister of Economy and Infrastructure Vadim Brinzan, noting that the commission will check the validity, form and volume of the investments made, and compare these data with the investment plan. The airport modernization work will also be checked with the new director of the construction inspection. Vadim Brinzan also noted that the Ministry of Economy and Infrastructure proposed creating a national commission to investigate strategic investments, which could block dubious transactions that threaten national security. Vadim Brinzan said that at the last meeting of the Supreme Security Council, he presented details on the economic part of the concession contract for the capital airport, telling what points can be used to cancel or terminate the contract with Avia Invest, noting that in general, violations committed before and during signing the contract to the detriment of the interests of the state, the Prosecutor General’s Office and the NAC are involved. According to him, there is an opportunity to terminate the contract due to non-fulfillment of investment obligations, but this will not be easy to do, since the document provides for the concessionaires to provide 3 years to correct the situation and make the necessary investments, and rather small penalties are stipulated. Vadim Brinzan recalled that, in general, Avia Invest has committed to investing 244.2 million euros in three stages in the modernization of the Chisinau airport, while 45.1 million euros should have been invested in stage I, within 2 years after signing the contract on concessions (2014-2015). Investments under Phase II should amount to 115.2 million euros and should be made within 2 years after reaching an annual passenger flow of 2.6 million people. The head of the Ministry of Economy and Infrastructure noted that this indicator was achieved in mid-December 2017. Thus, investments should be made from January 1, 2018 to January 1, 2020 for the construction of a new passenger and cargo terminal, expansion of car parking, etc. However, the contract provides for a period of another 180 days to complete the investment, therefore these investments should be made up to a maximum of mid-2020. The third phase provides for investments of 83.9 million euros, which must be made 2 years after reaching a passenger flow of 3.2 million passengers in year. Now, according to Avia Invest, passenger traffic is 2.9 million people per year, but the Ministry of Economy and Infrastructure wants to verify the reliability of this figure. According to Vadim Brinzan, Avia Invest said that its investments totaled about 88 million euros, but these figures should be confirmed during the audit. According to him, the Ministry of Economy and Infrastructure will make every effort to find legal measures to break the contract with Avia Invest, given that numerous violations were committed even before the signing of this agreement, which infringes on the interests of the state. // 30.08.2019 - InfoMarket.

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