Fraport and its partner TAV Airports Holding have won an auction to operate the new concession at Antalya Airport with a bid of US€7.25bn.

The agreement for the new concession will be signed within the first quarter of 2022 pending approval of the Turkish competition and airport authorities.. Fraport and TAV’s mandate as the concessionaire will include operations of the passenger terminals and other landside infrastructure such as retail areas, public parking and passenger screening.

The operational period for the new 25-year concession will begin in early 2027, after the existing contract ends.

Stefan Schulte, CEO at Fraport, said: “We delivered a convincing bid backed by our many years of successfully operating and developing Antalya Airport. Together with our partner TAV, we look forward to continuing this dedication to customer service, innovation and operational excellence in the decades to come.”

Under the agreement, infrastructure projects will need to be completed before the operational period of the new concession begins. These projects include the expansion of Terminal 2 and the domestic terminal, as well as creating new facilities for VIP and CIP passengers.