Treasury to Pay 155 Million TL to Airport Company

The Treasury is preparing to make a payment of 155 million TL to an airport operator due to unmet passenger targets. According to a report by Sözcü Newspaper, the payment stems from the failure to reach the guaranteed passenger numbers under the contract between the state and the company. The airport operator had guaranteed a certain number of passengers under the signed agreement. However, as expected passenger traffic did not materialize, the Treasury will make a payment of 155 million TL to the company to cover this shortfall. This situation creates an additional burden on public finances. The payment is stated to be made in accordance with the passenger guarantee clause in the contract. The company will compensate for its losses through this mechanism, which is triggered when targeted passenger numbers are not achieved. The report does not include further details about the payment. Such guarantees are common in public-private partnership projects. However, unmet passenger forecasts lead to an unexpected outflow from the Treasury's budget. Experts emphasize that the risks of such agreements should be evaluated more carefully. This is not investment advice.