Financial strain seen at world's biggest airport in Istanbul before opening

Corporate foreign debt in Turkey is equal to about 40 percent of economic output

The consortium formed to build and operate the world’s biggest airport in Istanbul was facing enough challenges even before the government minister in charge of the project started talking about insolvency.
 
In a television interview late Monday, Transport Minister Ahmet Arslan confirmed the government was considering giving the consortium an unspecified amount of time before requiring it to start paying rent, which has been set at more than $1 billion annually over 25 years. But then he went a step further.
 
“We’re not in a position to say ‘let them build it or let them go bust,’” Arslan