A Fraport-led consortium won the international bidding procedure for operating all of the passenger terminals at Antalya Airport (AYT) in Turkey. Effective mid-September 2007, Fraport and…
A Fraport-led consortium won the international bidding procedure for operating all of the passenger terminals at Antalya Airport (AYT) in Turkey. Effective mid-September 2007, Fraport and IC Holding of Turkey will operate the domestic terminal as well as the first international terminal, which is currently managed by Fraport. Then, in September 2009, the consortium will take over operations of AYT’s second international terminal currently run by IC. The concession for operating all three terminals runs until the year 2024.
The new operating company has agreed to make a total concession payment of about €2.37 billion, of which three percent is due upon signing the contract. Following the take-over of terminal operations, the remaining sum will be paid by the operating company in instalments over the duration of the contract up to the year 2024.
An Turkish construction company, IC has become a leading real estate developer in recent years. In addition to owning AYT’s Terminal 2, IC runs numerous hotels in Antalya and recently won a concession for harbour development in Istanbul.
Fraport’s executive board chairman Dr. Wilhelm Bender described Fraport’s winning bid in Turkey as “a further example of how we are successfully exporting our know-how around the globe.”
Only a few days ago, the company inked an agreement to invest in Xi’an Airport, China “The continuation of our fruitful and longstanding commitment in Antalya – together with our new partner IC – will create tremendous opportunities for our company’s external business,” said Bender.
Welcoming some 14.8 million passengers in 2006, Antalya Airport is the most important tourist gateway to the Turkish Riviera. Since the inauguration of Fraport’s so-called BOT Project (Build, Operate, Transfer) at AYT in 1998, passenger traffic has soared by 130 percent – or more than 12 percent per year.
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