World Bulletin/News Desk
A ceremony marking the start of construction of Istanbul's third airport will be held on June 7, according to the Anadolu Agency (AA) correspondent.
Turkish Prime Minister Recep Tayyip Erdogan is expected to attend the ceremony, which is to be held in the northern Arnavutkoy district of Istanbul.
Boasting a 150-million passenger annual capacity, Istanbul's third airport is expected to become one of the biggest in the world and the biggest air transfer hub in Europe.
According to 2010 forecasts by Turkey's Middle East Technical University's, in 20 years Istanbul airports' commercial aircraft traffic will exceed one million aircrafts and will host 118 million passengers per year.
The Cengiz-Kolin-Limak-Mapa-Kalyon Consortium, a joint venture of Turkish companies, won a tender for the third Istanbul airport in May 2013, promising to pay the state 22.1 billion euros (plus taxes) over 25 years starting in 2017.
The third airport is expected to be completed at the end of 2018.Last Mod: 31 Mayıs 2014, 13:47