Limak will sign loan contract for Istanbul's new airport worth 4,5 bln

09-10-2015 14:08

Limak will sign loan contract for Istanbul's new airport worth 4,5 bln

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The chairman of Limak Holding, Nihat Özdemir, has announced that the 4.5 billion euro loan contract for the first stage of investments in Istanbul's third airport will be signed on Oct., 19, implying that for the time being there will be no trouble financing the project. 


The loan will be provided by six banks and about 70 percent of the package will be assumed by public banks. Finansbank, Garanti Bank, and Denizbank and public banks; Ziraat, Halkbank and Vakıfbank will provide the funding required.


Özdemir said that construction is in progress and they will open the airport in the first quarter of 2018. On energy investments in Turkey, Özdemir said that privatization should speed up. "The government is concerned about an increase in energy prices if all entities are privatized. They are using the price balance as an excuse, however, privatization will take place in the end," said Özdemir. 


IC İçtaş Enerji Yatırım Holding Chairman Serhat Çeçen said that Turkey will require about $120 to $150 billion of investments in energy and highlighted the importance of railways as another infrastructure investment area. Çeçen also said that they are planning to open the third Bosporus Bridge and the North Marmara Highway with Astaldi in the last quarter of 2016 to traffic.

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