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Sabiha Gokcen Airport Expansion Project to Start Soon |
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Thursday, 27 March 2008 23:01 |
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The management of the International Terminal at the Sabiha Gokcen Airport in Kurtkoy has been officially transferred to the Sabiha Gokcen International Investment Company that will be handling the expansion of the airport. Sabiha Gokcen is located on the Asian side of Istanbul and is in very close proximity to the F1 race circuit in Akfirat. Both Kurtkoy and Akfirat regions have been expanding very rapidly since the opening of the airport.
The expansion of the airport will be financed by using a build and manage financing method. The bid opened for building and managing the airport was awarded to Sabiha Gokcen International Investment Company which happens to be a joint consortium formed by Limak Holding, GMR Infrastructure Limited and Malaysia Airport Holdings Berhad. The consortium agreed to pay 1.932 Million euros + VAT to obtain 20 years of management rights of the terminal. Other than the expansion project, the consortium will build a closed parking garage of 3 floors and a capacity of 4,500 vehicles and an airport hotel with 60 rooms. The consortium will also be managing the ground services, cargo operations and supply fuel to the aircrafts during the same period of 20 years. The bid for the expansion was held on 9 July 2007 and the winner was approved in 4 february 2008. While Limak and GMR equally shares the 80% of the consortium, Malaysian Airports Holdings Berhad owns 20% of the consortium.
The expansion of the airport is very important for Kurtkoy since there are major housing projects in the region under construction. The expansion both during construction and after airport staff is hired is likely to attract many new residents to the area. |
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Last Updated ( Thursday, 27 March 2008 23:14 )
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