View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
June 4, 2014

TAV in talks to build €100m terminal at Turkey’s Ataturk Airport

Turkey-based airport builder TAV is reportedly in discussions with the Turkey's state airport authority over the construction of a new €100m international terminal at Istanbul's Ataturk Airport.

Turkey-based airport builder TAV is reportedly in discussions with the country’s state airport authority over the construction of a new €100m international terminal at Istanbul’s Ataturk Airport.

The new terminal is expected to increase the capacity of the Turkish Airlines hub by over ten million passengers annually.

Currently operated by TAV, Ataturk Airport is Europe’s third-busiest airport and served 51 million passengers in 2013, up 14% year-over-year.

TAV chief executive Sani Sener said: "We are seeking to raise Ataturk Airport’s capacity to 65 or 70 million passengers until our contract is finished."

The proposal for the new terminal has reportedly become a prime focus following the rejection of a government plan to replace Ataturk by building a new airport.

"We are seeking to raise Ataturk Airport’s capacity to 65 or 70 million passengers until our contract is finished."

The project, which outlined the construction of one of the world’s largest airports with investments of $30bn, was delayed following concerns over financing as well as legal issues over its environmental impact.

As TAV’s contract to operate the facilities at Ataturk will expire in 2021, the company is seeking investments in other regions.

TAV expects a decision to be made in July or August over its joint bid to rebuild and operate a terminal at New York’s LaGuardia Airport.

LaGuardia operator Port Authority of New York & New Jersey started a tender process for firms interested in redeveloping and operating the New York airport’s main central terminal.

Modern airlines cannot use the terminal due to its outdated design, which is also responsible for delays at the airport.

The New York airport project is expected to cost $3.6bn and would be completed by 2021.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Monday. The airport industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Airport Technology