Malaysia Airports-GMR Group consortium wins bid for Istanbul's second airport
10 Jul 2007
Ankara: A consortium of Malaysia Airports Holdings, India's GMR Infrastructure and Turkey's Limak on Monday made a winning 1.9 billion-euro bid for Istanbul's second airport, Sabiha Gokcen.
The winning bid beat offers from four other consortiums of foreign and local players in a contest that stretched out for more than 12 hours, according to Turkish government officials.
The consortium will build a new international terminal at the Sabiha Gokcen airport on Istanbul's Asian side and will also run the airport for 20 years. The new construction will expand annual capacity of the airport to 13.5 million air passengers, from the current 3.5 million.
Sabiha Gokcen opened for service in 2001 and hosts domestic Turkish flights and low-cost airline operators.