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Business

Germany's Hochtief to Revamp Albanian Airport

Hochtief, Germany's biggest construction company, said it will be responsible for expanding and renovating Albania's state-run airport in Tirana on Friday. After six months of negotiations ending in July, there's no reason for the deal, which still needs to be signed by Albania's Prime Minister Fatos Nano and approved by the country's parliament, not to go through before the end of September, Hochtief spokeswoman Donatella Gasser told the Handelsblatt. Gasser would not comment on how much Hochtief would receive from the Albanian government in exchange for building a new terminal and improving the airport's infrastructure. The company currently runs the airport in Athens and was involved in projects in Sydney, Hamburg and Düsseldorf.