Turkey firms win $29bn Istanbul airport bid
Ankara, May 4, 2013
A consortium of Turkish construction firms made the winning 22 billion euro ($29 billion) bid yesterday to build and operate a third airport in Istanbul, which Turkey hopes will become one of the world's largest by passenger numbers.
The consortium of Cengiz, Kolin, Limak, Mapa and Kalyon bid 22.15bn euros for the build-operate-transfer project, which includes a 25-year lease, outbidding rivals including TAV Holding and Germany's Fraport.
The project reflects the emergence of Istanbul, Europe's largest city straddling Europe and Asia, as a major regional transport hub in tandem with the country's economic rise over the past decade.
"Such an airport ... will carry Turkey to a different level on the international stage," said Prime Minister Tayyip Erdogan, who is seeking to carve out a greater role for Turkey on the international stage.
The airport will have six runways and eventually be able to handle 150 million passengers per year.-Reuters
More Travel, Tourism & Hospitality Stories
- Abu Dhabi Aviation to get latest Bell helicopter
- Gulf Hotels Group plans new spa complex
- Starwood joins hands with Bentley
- Air freight volumes to grow 17pc in 5 years
- DWC-Emaar in golf centre deal
- UAE group to open Seychelles resort
- Gulf Air marks 1m Beirut passengers
- 80 flights cancelled at London airports over fog
- Etihad mulls investment in Alitalia
- 25 countries set for Bahrain airshow