The airport's construction is scheduled to start later this year and expected to be completed in a year. It will be built by a consortium of Turkish companies Limak, Kolin, Cengiz, MaPa and Kalyon, which won the tender for the project on May 3, 2013 by offering 22.1 billion euros for the project. It will be constructed in a northern district of Istanbul's European side. The airport, billed as one of the biggest airports in the world, would be able to serve 90 million people a year and this capacity would be gradually increased. It will have 16 runways and an apron with a capacity of 500 airplanes.