A coalition of Montenegrin entrepreneurs has expressed interest in modernizing the country’s two international airports, Podgorica and Tivat, amid ongoing discussions regarding their operational management. This initiative raises questions about whether these airports should remain under domestic control or be handed over to foreign entities.
Blagota Radović, chairman of the construction firm Zetagradnja, announced that he and other local business leaders are ready to present an investment proposal that rivals the offer from South Korea’s Incheon International Airport Corporation, which has been a leading contender in the airport concession process.
This domestic proposal coincides with a shift in government strategy, as officials consider moving away from the concession model in favor of retaining Aerodromi Crne Gore as a state-owned operator. Transport Minister Radoš Zečević indicated that a new master plan is being developed to outline key development priorities for at least the next decade.
The immediate goal is to alleviate passenger-processing bottlenecks ahead of the 2027 tourism season. In 2025, Podgorica and Tivat airports collectively served over 3 million passengers, yet their terminal capacity, access roads, and airside infrastructure have not kept pace with increasing traffic demands.
Management at Aerodromi Crne Gore estimates that the company could finance between €200 million and €300 million in investments without relinquishing control to a concessionaire. This perspective bolsters the argument for a state-led development approach, though details regarding financing structures, procurement processes, and implementation timelines remain unresolved.
Radović’s proposal introduces an alternative model that combines domestic investment with operational oversight, potentially bridging the gap between full state financing and foreign concession. The viability of this option hinges on the business group’s ability to provide binding financial commitments, establish a clear governance framework, and demonstrate adequate technical expertise necessary for significant airport infrastructure projects.
