Private finance is driving airport development in
Turkey where as lenders’ technical advisor we’ve had a key role in
helping deliver new facilities in Ankara, Istanbul and Izmir
(pictured) – completed in record time
An increasing number of countries are using private finance to
equip themselves with modern airport facilities and are turning to
the UK for advice. Mott MacDonald has worked on US$7.5 billion of
privat-ised projects in several countries, including Turkey.
Turkey has expanded a number of its international airports using
private finance to create world class facilities. Mott MacDonald
has provided technical support on three of them.
At Ankara Airport we were the lenders’ technical advisor for the
new passenger terminal which opened in October 2005. The project
was awarded the 2005 Euromoney European Airport Project Finance
Deal of the Year as the first large project finance deal in
Turkey.
In Istanbul we were involved in the financing of a US$3 billion
lease transaction using both commercial and capital market finance.
Structuring the project appropriately to lower the risk allowed
access to lower cost finance.
Mott MacDonald also worked as technical advisor for , and provided
advice on technical, traffic forecast, operational, costs, revenue
and environmental issues. The new international terminal opened in
September 2006, having being completed in just 13 months – one of
the shortest construction times ever for a project of its size and
complexity.
The 108,000m² terminal will accommodate up to 5 million passengers
per year and has 58 check-in desks, a baggage handling system, nine
contact stands with docking guidance, plus space for retail and
food and beverage outlets. The project also included a car park
providing 2,200 spaces, a 146,000m² apron and access roads.
