Compare Listings

Turkey breaks ground for world’s largest airport

Turkey breaks ground for world’s largest airport

Yeni Safak – The construction of Istanbul’s third airport, set to be one of the largest in the world in terms of passenger capacity and sheer size, has commenced with a ceremony attended by Turkey’s Prime Minister, Recep Tayyip Erdogan.

The airport, which will be constructed on the northwestern section of Istanbul’s European side, was tendered to a consortium of 5 Turkish companies, Cengiz-Kolin-Limak-Mapa-Kalyon, for EUR 22 billion in May, 2013. To be built at cost of additional EUR 10 billion, the built-operate-transfer project will be the largest ever investment in Turkey’s history. The airport will be connected to the third bridge over the Istanbul Strait via the North Marmara Highway, also under construction.

The 6-runway airport will handle 150 million passengers once fully complete by 2018, climbing to the world’s top in capacity.

Speaking at the groundbreaking ceremony, the Turkish Prime Minister said that the massive project also carried a symbolic meaning signifying Turkey’s extending reach. “Its scale, importance and capacity put this project in a unique place in the history of Turkey, making us all very proud to mark this historic day”, he said, likening the project to a victory monument.

A much needed relief for the overly busy Ataturk Airport, the giant air terminal will underscore Istanbul’s growing reputation as a global hub for air travel. Providing access to 35 countries in 3 continents with a 4-hour flight time, Istanbul is the main hub of the Turkish Airlines (THY) and a preferred stopover location for an increasing number of other airline companies.

img

admin

Related posts

  • News

The most expensive and cheapest areas in Istanbul

following is a study for the prices of the most expensive and lowest priced apartments per square...

Continue reading
by admin
  • News

45 Days the Time to Respond to Turkish Nationality Request for Foreign Investors

The Turkish Ministry of Interior has begun to facilitate the procedures for obtaining Turkish...

Continue reading
by admin
  • News

Iraqis Are the Most Foreign Real Estate Buyers in Turkey

According to data from the Turkish Statistical Agency published  22 November 2018, the Iraqis...

Continue reading
by admin

Join The Discussion