Under the new agreement, the management of terminal 1 is expected to be shared between TAV and Iran Air, with ground handling services provided by the flag carrier. TAV will however still be responsible for constructing and operating the estimated $200 million second terminal, through its local affiliate TAV Pars, over an 11-year period.

The original concession called for TAV to manage the operations of the existing terminal at the airport and to construct and operate the second terminal within the following two years. However, the new facility was closed down by the armed forces on its first day of operation on 8 May, citing national security concerns.

TAV, which runs Ataturk International Airport in Istanbul, had already made pre-investment of about $15 million (MEED 14:5:04; 30:4:04).