(MENAFN) Turkey's Renaissance Construction has secured a tender to build a terminal and tunnel at Moscow's Sheremetyevo airport; however the firm declared that the tender process is still ongoing.
In more detail, Renaissance Construction and Limak, the other Turkish firm which tendered, had submitted their bids from their Russian-registered subsidiaries, state-controlled Sheremetyevo stated formerly.
Sheremetyevo stated in January that the construction of a passenger terminal and a tunnel by 2018 would cost approximately USD630mn, and a cargo terminal with separate tender would cost an extra USD70mn.
All in all, in light of the current political issues between the two nations, Turkish firms will not be able to build structures or work in architecture and design in Russia, with an exception for 53 Turkish firms.
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