Fraport TAV Antalya extends airport concession to 2051
Fraport TAV Antalya has extended its concession to operate Antalya Airport in Turkey until 2051 after offering the highest bid in the tender and pledging to invest €765 million on upgrading the gateway to allow it to handle up to 80 million passengers per annum.
It bid €7.25 billion for the concession rights to operate the airport between January 2027 and December 2051. A quarter of this sum will be paid upfront to the Turkish State Airports Authority (DHMI).
Vnukovo-INTEKAR Yapı JV participated to the tender alongside TAV-Fraport JV.
The two companies are already co-managing the airport through their existing operational JV as part of a concession agreement, which is due to end in December 2026.
TAV Airports president and CEO, Sani Şener said: “As TAV, we focus only on the airport industry. Together with our partner Fraport, we led a successful operation for the last three and a half years in Antalya, which is the largest tourism destination in the Mediterranean. Antalya reached its historical high in passenger traffic during this period.
“Amid the negative effects of the COVID-19 pandemic, we are confident that Antalya will grow further with its natural and cultural riches and its developed tourism infrastructure.
“We plan to begin the investment to realise the necessary capacity increase in the airport at the earliest possible time. Today, we once again reiterate our commitment to invest in Turkey and our confidence in the future of the Turkish aviation market. As partners, we will use our extensive know-how to further realise the potential that Antalya offers.”
While Fraport AG’s CEO, Dr Stefan Schulte said: “We delivered a convincing bid backed by our many years of successfully operating and developing Antalya Airport as one of the world’s premier tourism hubs. Together with our partner TAV, we look forward to continuing this dedication to customer service, innovation and operational excellence in the decades to come.”
The TAV-Fraport JV will invest approximately €600 million in the first phase and approximately €765 million in total, in order to increase the capacity of the airport to 80mppa, which is more than double the existing capacity.
As part of the agreement, Terminal 2 will be enlarged to cover 190,000sqm from the current 82,000sqm, to serve as the new main international terminal.
Simultaneously, the domestic terminal will be expanded to 78,000sqm from 37,000sqm. In 2040, a 70,000sqm international terminal will be opened.
An additional 1 million square metres of apron area will be built and the number of parking positions will increase to 181 from 106, while the number of passenger bridges at the terminals will increase from 20 to 38.
A new multi-storey carpark will have a heliport on its roof, which will be able to accommodate eight helicopters. New general aviation and cargo terminals will be built together with access roads to divert the traffic from the main passenger access. The investment will be completed within three years, without interrupting the ongoing operations.
First opened in 1960, Antalya Airport served 35.7 million passengers in 2019.