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Fraport consortium wins at AntalyaFraport consortium wins at Antalya
Tina Milton
13-Apr-2007
Fraport and construction company IC Holding have won the contract to operate all passenger terminals at Antalya airport in Turkey
A Fraport-led consortium has secured a deal to operate all of the passenger terminals at Antalya airport in Turkey. From mid-September Fraport and Turkish construction company IC Holding will operate the domestic terminal as well as the first international terminal one, which is currently run by Fraport and the duty-free concessionaire is Net Magaza Isletmeciligi, a subsidiary of The Nuance Group. In September 2009, the consortium will operate Antalya’s second international terminal currently run by IC. The concession for operating all three terminal runs until 2024.The consortium will make a total concessions payment of about €2.37bn ($3.2bn), of which 3% is due after the contract is signed. The remaining amount will be paid by the operating company in instalments over the duration of the contract until 2024.
Fraport executive board chairman Wilhelm Bender described Fraport’s winning bid at Antalya as “a further example of how we are successfully exporting our know-how around the globe”. The company recently signed an agreement to invest in Xi’an airport in China. Bender said: “The continuation of our fruitful and long standing commitment in Antalya – together with out new partner IC – will create tremendous opportunities for our company’s external business.”
IC owns Antalya’s T2, runs several hotels in Antalya and recently won a concession for harbour development in Istanbul. Antalya welcomed 14.8m passengers in 2006. Since the inauguration of Fraport’s Build Operate Transfer project at Antalya in 1998, passenger traffic has increased by 12% a year.
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(13-Apr-2007) - The Nuance Group’s Turkish subsidiary Urart is to operate the duty-free concessions at all Antalya airport’s terminals
(13-Sep-2007) - The Nuance Group’s Turkish joint venture is to begin its 17-year contract for the exclusive operation of duty-free shops at all Antalya airports imminently
(25-Apr-2007) - TURKEY. The Nuance Group has ousted rival Gebr Heinemann at Antalya airport by securing a deal as the exclusive duty-free operator at all terminals until 2024. Nuance signed a memorandum of understanding with the Fraport and IC Holding consortium, which won the right to operate all terminals earlier this month.
The contract is estimated to be worth $4.3bn (e3.2bn) to Nuance. Its Turkish subsidiary Urart, a joint venture between Nuance and Net Holding, has managed the terminal one duty-free concession since 1998 and currently operates the main departure and arrival duty-free shops as well as 16 speciality shops, which total 1,850sq m (19,906sq ft). The contract starts in September 2007 and will initially cover T1. From September 2009, Urart will also operate at T2 and the domestic and CIP terminals.
The airport welcomed 14.8m passengers in 2006 so it’s no wonder Nuance was delighted with the contract win, which is a serious gain in terms of contract size, length and passenger numbers. The contract, which runs for 17 years, will no doubt encourage the group to opt for long-term investment knowing it will still be around to reap the benefits.
The Nuance Group president and CEO Roberto Graziani said: “We are absolutely delighted to have been chosen as the exclusive duty-free partner for Fraport and IC in this hugely important project for the development of tourism in Turkey.”
There is no doubt that Urart’s relationship with Fraport at T1, where they have worked together for nine years, was among the factors which swung its victory over Unifree. Since Gebr Heinemann-controlled Unifree opened its stores at T2 in June 2005, the two retailers have fought over the passenger traffic between the two terminals. Turkish airport authority DHMI settled the feud by redividing the passenger traffic between terminals one and two, but this exclusive deal means that the scales are finally tipped in Net Urart’s favour.
(15-May-2006) - TURKEY. Turkish airport authority DHMI has approved the redistribution of passenger traffic between Antalya airport terminal one, run by Fraport, and the new T2
(28-Apr-2006) - Turkish airport authority DHMI has confirmed that passenger traffic at Turkey's Antalya airport will be redivided between terminals one and two