Tenders for Istanbul’s third airport expected by end 2012

Istanbul, 25 November 2012 – At a cost 6.5 billion USD Istanbul’s 3rd airport is expected to be put out to tender before 31 December 2012. The first phase of the airport will have 3 runways and a 100 million passenger capacity and should be completed in 2016. The project will be on a Build Operate and Transfer model and is attracting interest from around the world as well as leading Turkish companies such as TAV, IC Holdings, Sabanci, etc. The new Istanbul airport is to be built on the northwest outskirts of Istanbul and when it is fully operational is expected to handle 150 million passengers a year. Invest inTurkey