InterVISTAS Consulting Group is to oversee a tender for the Lithuanian Government, as part of an agreement with the Ministry of Transport and Communications and Lithuanian Airports.

The concession tender is to operate, invest in and develop the Kaunas, Vilnius and Palanga airports.

The company will help draft terms and conditions for the tender, specify its aims and objectives, and negotiate with its bidders.

Lithuanian Minister of Transport and Communications Rimantas Sinkevicius said: "The aviation sector in Lithuania is often undeservedly forgotten and underestimated but its impact on the country’s economy is tremendous.

"Aviation development is of paramount importance to Lithuania owing to the country’s limited connectivity."

"With the concession partner, we can make our first firm steps in developing the airport concession project which is indeed necessary for the country."

InterVISTAS will evaluate stakeholder interest to assess tenders submitted by potential concessionaires.

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By GlobalData

Lithuanian Airports MD Gediminas Almantas said: "Aviation development is of paramount importance to Lithuania owing to the country’s limited connectivity and the impact of aviation on economic development.

"Good connectivity has a direct impact on new investments, export and tourist flows.

"With a broader economic effect on the country, this project is an excellent opportunity for us to become the leaders in the region’s aviation sector."

Public agency Invest Lithuania has been appointed to find an adviser for the project.

The adviser would participate in drafting documents for consultant selection, and negotiating with tenderers regarding their consulting contracts.

The concessionaire will be required to enhance connectivity, infrastructure and services at the three airports.

The consultants will draft documents for the concessionaire selection tender and their approval in the first four months.

During the first stage, the consultants will detail the project’s investment value and expected results.

The second stage will include the selection process and the conclusion of the contract with its selected tenderer.