Skip navigation links
Press Releases
News from Turkey
Publications
Upcoming Tenders
Links
Videos
Newsletter Subscription
This page is print preview page.
Click here to return to the page.
Print page
News
 
Turkey to build world’s largest airport  
24.01.2013

Sabah – Turkey has unveiled plans to build the world’s largest airport in Istanbul, the country’s largest city and an increasingly global hub for air transportation.


“The USD 7 billion project will create 80,000 jobs during its construction and 120,000 when operational.”, Turkey’s Minister of Transport and Communication, Binali Yildirim said at a press meeting, announcing the project’s tender date and specifications. “The winning bidder will have the right to operate the airport for 25 years.”, Yildirim said about the gigantic project.


To be tendered on the 3rd of May, the project will be contracted using the Build-Operate-Transfer (BOT) model. The airport’s first stage, with a capacity to handle 90 million air travelers, is scheduled to be completed after 42 months following the tender date. The passenger handling capacity will gradually increase to reach 150 million per year once all the terminal buildings are completed.


Istanbul’s third airport will also replace the current main hub, the Ataturk Airport, of Turkish Airlines (THY), to better serve one of the fastest growing airline companies in the world. THY carried 39 million passengers in 2012, up 19.6 percent from the previous year. Turkey’s flag carrier flies to more than 200 destinations in 90 countries, more than any other carrier.

31.08.2015 Hitachi’s Turkish logistics venture considering inorganic growth opportunities
25.08.2015 Over 12,000 properties sold to foreign buyers over seven months
20.08.2015 Turkish insurance market strategically important for Sompo Japan Nipponkoa
18.08.2015 Turkey’s ‘Mega Projects’ propel the country towards 2023 targets
17.08.2015 Goldman Sachs partners with SOCAR Turkey
14.08.2015 Turkey to be the regional maintenance hub for GE turbines
13.08.2015 FDI into Turkey lights up the energy sector in the first half
11.08.2015 Ford Otosan to reach new heights in production, exports
07.08.2015 Prime Development portfolio in Turkey to reach USD 1 billion
04.08.2015 EBRD to invest EUR 300-400 million in Turkish assets
<<
1 2 3 4 5 6 7 8 9 10
>>