Fraport and TAV Airports Holding get Antalya new airport for 7.25 billion euros

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Fraport and its partner TAV Airports Holding won today’s auction for the new concession of Antalya Airport, submitting the highest total bid of 7.25 billion euros. 25% of the offer price is paid in advance within 90 days from the closing of the concession contract. The existing concession for Antalya Airport – managed by the joint venture Fraport and TAV – expires at the end of 2026.

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The new concession agreement is expected to be signed in the first quarter of 2022, pending approval by Turkish competition authorities and airports. Fraport-TAV’s mandate as a concessionaire will include the operation of passenger terminals and other “exploration” infrastructures, such as retail, public parking and passenger control. The operating period for the new 25-year concession will begin in early 2027 (after the expiration of the existing contract).

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According to the agreement, the infrastructure projects will have to be completed before the start of the new concession period. These projects include the expansion of Terminal 2 and the Inner Terminal, as well as the creation of new facilities for VIP / CIP passengers.

Petros Kranias

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Source From: Capital

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