TAV awaded Izmir Airport tender, with highest bid of EUR610m

Turkey's General Directorate of State Airports Authority (DHMI) awarded (17-Nov-2011) TAV Airports the tenderfor the leasing of the operating rights of Izmir Adnan Menderes Airport's existing International Terminal, CIP, Domestic Terminal and the auxiliary structures, as the highest bidder in the auction with a bid of EUR610 million. As per the tender specifications, TAV already has the operating rights of the airport's international terminal until 2015, maintaining these operating rights until the end of 2032. The capacity of the current 28,500sqm domestic terminal is to be increased to 204,500sqm with the new terminal building slated for completion by 2015, and a total investment estimated at around EUR250 million. The construction of the new terminal building is planned to commence in 2012. Until the new terminal building is completed, domestic and international terminal passengers will continue at the existing international terminal building. Service charges per passenger have been determined as EUR15 for outgoing international passengers and EUR3 for outgoing domestic passengers throughout the operation period. EUR610 million (VAT excluded) will be paid as the total concession lease amount to DHMI for the entirety of the operating period until 2032. TAV beat a JV between Fraport and IC Ictas Holding and a JV between Limak and GMR Infrastructure (Bloomberg/Reuters, 17-Nov-2011). [more - original PR]