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Istanbul New Airport opens on same day Turkey celebrates “Republic Holiday”

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Istanbul New Airport opens on same day Turkey celebrates “Republic Holiday”

Turkey is celebrating the “REPUBLIC DAY” today. On 29th October 1923,the Great National Assembly under the leadership of great ATATURK, the founder of modern Turkey declared the establishment of The REPUBLIC of Turkey.

The young republic recovered the country from major problems coming from the past and realized great accomplishments in a very short time to take its place among the modern states of the  era. On this occasion it would only be fair to express our gratitude to thoseincluding great ATATURK in the first place – who served this country to the best of their ability to establish this modern republic.

As for the “new” ISTANBUL AIRPORT, the first phase of the project, which is expected to be a good example for other airports in the world in many areas ranging from its size to its infrastructure, security systems and architecture, is to be put into service today with a ceremony attended by President ERDOGAN.

The airport was built by a consortium of several Turkish companies which won the tender totaling to euros 26 billion 140 million, including VAT for the project. A total of 6 billion euros was invested in the first phase of the airport, which will be built on an area of ​​76.5 million square meters. Other stages of the airport are foreseen to be completed by 2023.

The airport which is built with the resources of the private sector on build-operate-transfer (BOT) model will be among the largest airports in the world with 6 independent tracks, 500 aircraft capacity, 70.000 vehicle open and closed car parks and annual 200 million passenger capacity.

Following the launch of the airport, the company is to pay euro 26 billion in 25 years including VAT.

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