IGA: Driving Force behind the Airport
On May 3, 2013, the General Directorate of State Airports Authority of Turkey awarded the contract for the construction and operation of Istanbul New Airport to a consortium of five Turkish partners. A few months later, on October 7, Cengiz, Kolin, Limak, MAPA, and Kalyon founded a new company under the name “IGA” (IGA Havalimanı İşletmesi A.Ş). Each of the partners holds 20 percent.
The project is the biggest public–private partnership in Turkey ever, with a 25-year concession period. IGA promised to pay the state €22.1 billion, plus taxes, over 25 years starting 2017. Private and state banks financed the first stage with a total of €4.5 billion.
The five companies operate in different industries such as construction, energy, mining, and port and airport management nationwide and on a global level. They have experience in different airport constructions like Cairo Terminal 2, Istanbul Sabiha Gökçen, or Pristina (Kosovo). IGA committed itself to building a modern, disability-friendly, “green” airport, using cutting-edge technology and employing an experienced and qualified workforce.