Loans allocated for Istanbul's third airport
The third airport will be commissioned in Turkey in early 2018, which is being built near the Lake Terkos in the north of Istanbul
A signing ceremony was held for financing the construction of the third airport in Turkey’s Istanbul city on Monday, 19 October 2015.
Only local banks will be allowed take part in financing the construction of the airport.
Turkey’s Ziraat Bankasi will allocate $1.7bn (EUR1.5bn), while Halkbank and Vakifbank will grant loans of $1.1bn (EUR1bn) each, Denizbank with $567m (EUR500m), Garanti and Finansbank with $340m (EUR300m), reported the local news channels.
The loan has been allocated for 16 years with grace period of four years.
Limak-Kolin-Cengiz-MaPa-Kalyon consortium of companies won the tender for construction of the airport by offering $25bn (EUR22.1bn) for participation in the project.
The third airport will be commissioned in Turkey in early 2018. It is being built near the Lake Terkos in the north of Istanbul.
Initially, the airport will serve 90 million passengers per year and further, this figure will increase to 150 million.