Cengiz Holding is also active in the service industry with two significant projects assigned through the Build-Operate-Transfer business model. A Cengiz Holding affiliate was granted with 25-year operating rights of Istanbul’s third airport which will make the city world’s largest transfer hub. The Holding was also granted with the operating license of Ankara High-Speed Railway Terminal for 19 years and 7 months.
Istanbul’s New Airport
Istanbul’s third airport, which will create 80,000 jobs, will cost EUR 10.247 billion, as well as a fee of EUR 22.152 billion for the 25-year operating license. The facility will consist of 4 terminals, 165 passenger bridges, rail systems, VIP lounge, cargo and general aviation terminals, a state guest house, indoor and outdoor parking lots with a 70,000-vehicle capacity, aviation health center, business centers and hotels. With a passenger capacity of 200 million, Istanbul’s third airport will be world’s largest transfer hub and it will be operated by a partner company of Cengiz Holding for 25 years.