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Riga International Airport chooses Turkey's TAV
10 March 2009
Turkish firm TAV and Latvian construction company Skonto Buve, have won the public private partnership concession for the expansion of Riga International Airport Latvia.
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Turkish firm TAV and Latvian construction company Skonto Buve, have won the public private partnership concession for the expansion of Riga International Airport in Latvia.
TAV is a joint venture between Turkish firms Tepe and Akfen and the owner of Istanbul and other airports. The consortium has said that it plans to invest between Eu250 million ($350 million) and Eu300 million in the project.
TAV and Skonto Buve beat bids from Hochtief AirPort and a consortium made up of Canadian concession firm Aecon, Africa Israel Investments, AFI Europe Morgan Stanley Infrastructure and SAVE Aeroporto di Venezia Marco Polo.
In 2008 TAV also won a tender for the modernization of Skopje's Alexander the Great Airport, Ohrid's St. Paul the Apostle Airport, and a contract to build a new cargo terminal in Shtip - all three projects are in Macedonia.
TAV was founded in 1997 when the firms bid together for the tender for Istanbul Atatürk Airport International Terminal. Istanbul Atatürk Airport was one of the first examples Build-Operate-Transfer airport projects in the world.