2/14/2012

Turkey to begin privatization of highways and bridges by mid-year

Aksam - Turkey’s Privatization Administration (OIB) has announced the schedule for the privatization of certain segments of the country’s bridges and highway network, seen as one of the most prized assets of the country’s privatization program.

Ahmet Aksu, Deputy President of OIB said the privatization process for the country’s highways and bridges is set to begin by June, following the finalization of the Baskent Dogalgaz Dagitim A.S. handover in late April or early May. The privatization of highways and bridges is expected to attract foreign investors from the US, Europe and the Far East, according to Aksu.

Earlier reports state that the bridges and highways that are part of the privatization plan are the two bridges over the Bosphorus with their ring motorways, Edirne-İstanbul-Ankara Motorway, Pozantı-Tarsus-Mersin Motorway, Tarsus-Adana-Gaziantep Motorway, Toprakkale-İskenderun Motorway, Gaziantep-Şanlıurfa Motorway, İzmir-Çeşme Motorway, İzmir-Aydın Motorway and İzmir and Ankara Ring Motorways.

Turkey’s privatization program will gain momentum with privatizations in the country’s maritime sector, with tenders of Istanbul Galataport, Izmir Kruvaze Port and Izmir Pasaport, Istanbul Kalamis and Mersin Tasucu marinas taking place this year.
Turkey; privatization; turkey privatization program; turkey highway privatization; turkey privatization 2012

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