Turkey's Limak to build $236m airport in Rostov

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Turkey’s Limak to build $236m airport in Rostov

Limak Construction in Turkey has won the tender to build an airport in the Russian city of Rostov, which is one of the host cities of the 2018 World Cup, according to a statement by the company.

Limak has said that it would build the facility in a joint venture with a Russian partner, Marashstroy. The final signatures for the airport, with a capacity of 8 million passengers, to be be inked by the end of June.

Commenting on the contract, Serdar Bacaksiz, board member at Limak, said: “The project will cost around $236m (€210m) and will be completed in the next two years. Our aim is to finalize the project by the FIFA World Cup in 2018.”

The selection process to pick the company to build the airport started in 2014, where a total of 23 companies submitted their proposals, with 18 of them being invited to submit a bid. A negotiation process started in February, after which Limak and Marashstroy were selected by the tender committee, said the company.

Limak is also the member of a consortium which will build the third airport of Istanbul. The company is currently building a second terminal at Cairo Airport and has the operation rights to Kosovo’s Pristina Airport.

Source: www.constructionweekonline.com

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.