The investment will be used for the construction of a new runway. Credit: Pascal Meier on Unsplash.

Groupe ADP member TAV Airports has secured a concession extension to operate Ankara Esenboğa Airport in Turkey for another 25 years.

This followed an auction held by the Turkish State Airports Authority (DHMI), where TAV emerged as the winner with its bid of €475m ($503m).

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TAV’s existing contract to operate Ankara Esenboğa Airport is valid until May 2025.

The new contract begins from 24 May 2025 to 23 May 2050, with TAV planning to spend around €300m during this period to develop the airport.

The investment will be made in two phases, including €210m in phase one and €90m in the second phase.

Two-thirds of this investment will be made between 2023 and 2026, and one-third at the latest in 2038.

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The investment will be used for the construction of a new runway and the expansion of the terminal.

TAV Airports CEO Serkan Kaptan said: “We are operating Ankara Esenboğa -the gateway to the Turkish capital- successfully since 2006. The terminal which we built back then reflects the ambitions and the modern face of the Republic.

“During this period, we have quadrupled the passenger traffic in Ankara and worked towards increasing direct flights in collaboration with our stakeholders.

“In addition to being the political centre of the country, Ankara is a touristic hotspot with a rich history and a hub connecting eastern Anatolia. Today we reiterate our commitment to the development of the aviation industry in Türkiye.”