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14:09, 26 July 2014 Saturday
17:41, 03 May 2013 Friday

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Bid for new Istanbul airport breaks all records
Bid for new Istanbul airport breaks all records

The winner of the bid for new Istanbul airport was Limak/Cengiz/Kolin/Ma-Pa/Kalyon Consortium, with a record price of 22.152 billion euros.

World Bulletin/News Desk

Turkish Minister of Transport, Maritime Affairs and Communications Binali Yildirim said on Friday, "It was a fair and transparent bid. The airport addresses the following 50 years of Turkey."      

The winner of the bid for new Istanbul airport was Limak/Cengiz/Kolin/Ma-Pa/Kalyon Consortium, a joint venture of only local companies.      

For the construction and 25-year lease of the third airport in Istanbul, the group offered the highest bid of 22.152 billion euros, which is the record price in the history of the country.      

Tender for the third airport in Istanbul took place in Ankara's Esenboga International Airport on May 3.      

Fifteen Turkish and two foreign companies received approval for their technical capabilities to build the third airport.  

THY stocks up, TAV stocks down after airport tender

The highest bid for new Istanbul airport offered by Limak/Cengiz/Kolin/Ma-Pa/Kalyon Consortium made THY stocks increase while TAV stocks decreased.         

Fifteen Turkish and two foreign companies received approval for their technical capabilities to build the third airport.      

Offering 9 billion euros at first, TAV withdrew from the tender phase and thus its stocks decreased sharply to TL 11.80.      

THY stocks, on the other hand, reached 8.04 which is the highest level in its history.      

 



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