TAV Airports commits USD 150 million to further develop Tbilisi Airport in Georgia
On the backdrop of strong traffic growth, TAV Airports signed an agreement with the Government of Georgia to increase the annual terminal capacity to more than 10 million passengers. The company will invest approximately USD 150 million and extend its concession period until the end of 2031.
TAV Airports, a member of Groupe ADP, has signed an agreement with the Government of Georgia to invest approximately USD 150 million to advance the next phase of development at Tbilisi Airport. The agreement includes a concession extension and a comprehensive program to enhance capacity, operational efficiency, and overall passenger journey.
The Prime Minister of Georgia Irakli Kobakhidze, Minister of Economy and Sustainable Development Mariam Kvrivishvili, Groupe ADP CEO Philippe Pascal, TAV Airports CEO Serkan Kaptan and General Manager of TAV Georgia Tea Zakaradze attended the signing ceremony.
TAV Airport CEO Serkan Kaptan said “Georgia holds a special place in our company’s history, as it was our first step in becoming a global brand. During the last 20 years, in collaboration with our stakeholders, we have managed to develop Tbilisi Airport as a hub in the region. Annual traffic grew by almost 10-fold, from 540 thousand to more than 5.4 million. Today, 63 airlines are flying to 71 destinations and connecting Georgia with the rest of the world. Furthermore, Tbilisi Airport stands out as the leading airport in the region in terms of passenger satisfaction and sustainability. To date, we have invested more than USD 230 million in Georgia, and with this new investment, Tbilisi will strengthen its position as a hub. We are proud of past achievements and committed to contribute further to the growth of Georgia. I would like to thank the Government of Georgia for their trust and unwavering support and our stakeholders for their collaboration, and our employees for providing the best possible travel experience to our passengers”.
During the signing ceremony, the Prime Minister of Georgia, Irakli Kobakhidze said “Tbilisi International Airport is one of the country's most important strategic infrastructure facilities and plays a special role in the development of the economy and tourism. The significance of the airport's expansion becomes even more evident given that 2025 was a record year for the development of tourism and aviation in Georgia. Last year, the country recorded 5.5 million tourist visits, which is a historic high. The rapid development of Georgia's economy and specifically the tourism and aviation sectors, has enabled new airlines to enter the market, new routes to be added, a significant increase in Georgia's connectivity with leading global aviation hubs and a further strengthening of our country's role in both the regional and global aviation space. We are creating conditions where investment, innovation and high standards align and where the state acts as a guarantor of stability and fair rules. This approach allows us, through future-oriented steps, to strengthen the country's role in international aviation and ensure sustainable benefits for every citizen of Georgia.”
Capacity increase to 10 million
The gateway to Georgia’s capital, Tbilisi Airport surpassed the 5.4 million passenger mark in 2025, representing a traffic increase of 13.7% compared to the same period last year.
TAV Airports overtook operations in 2005 and during the last two decades, the airport achieved an annual compound traffic growth of 12.6%.
Tbilisi Airport was ranked among the best airports in Eastern Europe by Skytrax in 2025.
The investment will add another 19 500 sqm to the existing terminal area of 37 500 sqm. The number of passenger bridges will double to 10, and seven new remote parking stands will be established.
In the terminal, 10 check-in counters, 24 passport control counters and two baggage carousels will be added. Existing areas will be refurbished, and new commercial areas will be created to further develop passenger experience, with a particular focus on showcasing Georgian cuisine and products. Carpark capacity will increase to accommodate 500 more vehicles.
The project is planned to be completed as early as 2028.
Concession extended
TAV Airport operates Tbilisi and Batumi airports in Georgia.
The current concession agreement ends in January 2027 for Tbilisi, and with today’s agreement, TAV Airports will extend its concession in Tbilisi until the end of 2031.
About TAV Airports
TAV Airports provides integrated services in all areas of airport operations, with a global footprint at more than 100 airports in more than 30 countries. In 2025, TAV Airports welcomed 113 million passengers across its portfolio. A member of Groupe ADP, TAV Airports is part of the leading airport management platform globally. Through its subsidiaries, TAV is active in airport service businesses, including duty-free, food and beverage, ground handling, IT, private security, and commercial area management. The company is quoted on Istanbul Stock Exchange.
For further information: Erhan Ustundag, +90 212 463 30 00/2097 and +90 530 228 80 59 erhan.ustundag@tav.aero
