Airport, Baltic States – CIS, Construction, Legislation, Lithuania, Transport

Ramport Aero announced that it had signed an 11-year cooperation contract with Travel Retail Domodedovo, a Russian subsidiary of Germany’s Heinemann, the operator of Duty Free & Travel Value shops at international airports.

In line with the contract, 90% of goods sold in duty free shops will consist of perfumery, cosmetics, alcoholic beverages, accessories and confectionery goods.

Also, Russia’s advertising agency Primavera will be in charge of advertising at the Ramenskoye airport for a period of five years. Catering services will be provided by Russia’s Shokoladnica and Pizza Hut.

Ramport Aero, a joint venture between Vilnius-based, Warsaw-listed aviation business group Avia Solutions Group (ASG) and Russia’s industrial giant Rostec, is investing own funds – a total of 1.8 billion Russian rubles (EUR 21.7 mln) – in the first stage of airport development. By 2019, the total amount of investment in the airport is envisaged to increase to 11.8 billion rubles (EUR 142.5 mln).

Last year, ASG reduced its participation in Moscow’s Ramenskoye airport construction project to 22.5%, from 75%. ASG holds a 30% stake in Dutch-based Avia Solutions Group B.V., which owns 75% of shares in Ramport Aero, the developer of the project.