Two Turkish-owned companies to compete for terminal construction at Russian airport

Limak and Renaissance —companies  with Turkish owners — will compete for the construction of a terminal and tunnel of the Sheremetyevo airport in Moscow, the airport’s general director told reporters, as quoted by Russian TASS News Agency on Jan. 19.

The project is estimated at $630 million, general director Mikhail Vasilenko said.

“We have prepared projects for a cargo complex, a terminal and a tunnel. They are already in Glavgosexpertiza [the Directorate-General for State Environmental Review] and we expect to receive them in January. Now the competition for a general contractor is underway. They opened envelopes on Jan. 15. Strabag withdrew. The two companies Limak and Renaissance remain. Renaissance is a Russian company, but with Turkish owners. Either one general contractor will be chosen for two objects or one contractor for each object,” he said, as quoted by TASS.

Since late November 2015, Russia has imposed economic sanctions against Turkey after a diplomatic crisis erupted between the two countries over the downing of a Russian jet by Turkish Security Forces.

January 19, 2016
Link: http://www.turkishweekly.net/2016/01/19/news/two-turkish-owned-companies-to-compete-for-terminal-construction-at-russian-airport-report/