Ferrovial takes controlling stake in ‘Turkish Riviera’ airport company

Situated in the Turkish Riviera, Dalaman Airport has seen passenger numbers go up 78% since 2006 (Photograph courtesy of Ferrovial)
Spain’s Ferrovial has signed a €140m deal to acquire 60% of Turkish infrastructure company YDA Group, which manages Turkey’s Dalaman International Airport, one of the gateways to the “Turkish Riviera” on the country’s Aegean and Mediterranean coasts.

YDA has been operating the airport since 2006, completing a new international terminal there in 2018. Its current concession agreement lasts until 2042.

Between 2006 and the start of the Covid-19 pandemic, Dalaman’s passenger numbers increased 78% to 5 million a year, placing it fourth in Turkey for international passenger volumes.

The deal is contingent on customary approvals. Ferrovial said it expected closure in the first half of this year.

“This is a unique opportunity to diversify our airport portfolio in an area that has become a fast-growing destination in Turkey for international tourism,” said Luke Bugeja, CEO of Ferrovial Airports. “YDA Group has extensive experience with building and operating infrastructures under the P3 formula in Turkey, making it the ideal partner for this project.”

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