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    Istanbul new airport and cargo city
    (2017-04-27) Nergiz, A.
    Abdullah Nergiz, who is the current marketing director of İstanbul New Airport, began his speech by summarizing the shift of economy from west to east and effects of this shift on aviation. He stressed the need for a new airport in İstanbul. Then he continued his presentation by introducing the tender of New İstanbul Airport: IGA. IGA is a consortium which comprises 5 different companies and each company has 20 percent share in the project. Project has 4 different phases and each phase will be triggered by the passenger numbers. Project’s first phase is going to be completed by November 2018 and the capacity will be 80 million passengers per year. When the airport reaches that 80 million passengers per year, they will start to build the 2nd phase. After completing the all four phases, airport will have 6 runways, 2 terminal buildings and the capacity for 150 million passengers per year. Project has secured for 4,5 billion Euros credit from banks and also shareholders invested 1,5 billion euros. This total 6 billion euros will be enough for the construction of first phase. Also tender – IGA – already started to make commercial agreements with duty free companies, cargo companies and airlines.