Construction company Buildkingsi has won the tender for the new passenger terminal at Telavi Airport, BM.ge reported on October 29. The contract is currently being prepared. This marks another step towards delivering the airport project in Kakheti.
Bid below the estimated contract value
Buildkingsi has offered to carry out the work for GEL 11,650,000. According to BM.ge, that is approximately GEL 1,620,000 below the estimated contract value. The procurement monitor lists the company as the sole bidder.
The draft contract on the procurement portal requires the work, including formal acceptance, to be completed within 21 months of signing. That period starts when the contract is signed, rather than when the tender result is announced.
A regional airport for Kakheti
Under the plan described by BM.ge, Telavi will handle domestic flights only. Its focus will therefore be on connections within Georgia.
According to 1TV, the completed airport should be able to serve around 50,000 passengers annually. The broadcaster places Telavi and the planned new terminal in Mestia within a shared strategy to develop regional airports.
What does this mean for buyers and investors?
In our view, the planned expansion opens up new possibilities for hotels and holiday properties in Kakheti. Better connections within Georgia can make the region easier to reach and create opportunities for new tourism offerings. Transport links therefore deserve a closer look when choosing a property location.
We recommend considering the planned flight connections, transfers from the airport to accommodation and the surrounding tourism attractions together. This helps identify locations where a carefully planned property concept can benefit from infrastructure development. We see the project as part of a broader regional development effort that creates economic opportunities and strengthens Kakheti as an investment destination.
Our conclusion
Selecting a builder brings visible progress to infrastructure development in Kakheti. The project shows Georgia’s commitment to investing in its regions. In our view, this strengthens their long term appeal and creates a sound foundation for growth in property values. For anyone considering property in Kakheti, it is another good reason to get to know the region more closely.
