India-led consortium wins bid to manage Istanbul airport
Afp,New Delhi
A consortium led by India's GMR Infrastructure won a 2.7-billion-dollar (1.93 billion euro) deal on Tuesday to manage the second airport in Turkey's biggest city Istanbul. The operating consortium will take over from the Turkish government as manager of the domestic and international terminals at Sabiha Gokcen International Airport under a 20-year concession, GMR said in a statement. The project also involves the construction of a new international terminal, it added. The consortium's successful bid trumped four other international airport operators, including Germany's Fraport and Chicago Airport. The group, led by GMR with a 40 percent stake, is also made up of Turkey's Limak construction major, with 40 percent, and Malaysia Airports, with 20 percent.
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