A consortium of Turkey’s TAV Airports and Germany’s Fraport made the best bid of 7.25 billion euros ($8.2 billion) in a tender for the expansion of Antalya Airport’s capacity and its operating rights for 25 years, they said on Wednesday.
The statement said they would invest some 765 million euros in expanding the capacity of the airport, in Turkey’s tourism hub on its southern coast, to 80 million passengers a year. Shares in TAV surged 9.7% after the announcement.
TAV Airports Chairperson of the Executive Board Sani Şener said in a company statement that together with their partner Fraport, they “have been running a harmonious and successful business for three and a half years in Antalya, the largest tourism center of the Mediterranean.”
“During this period, Antalya reached the highest passenger traffic in its history. Although we have spent the last two years under the influence of the pandemic, we believe that Antalya will come to a much better…
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