1/5/2011

Istanbul Municipality readies for ferry services privatization

Milliyet - Star - Istanbul Deniz Otobusleri A.S. (IDO), running ferry services along the coast lines of Istanbul and the Marmara Sea, will be privatized by the first half of 2011. A subsidiary of the Istanbul Metropolitan Municipality, IDO will be up for tender, beginning from January 6 to March 13.

The ferry services company has been operating since 1987 and has a fleet of over 52 vessels running a total of 18 lines between 36 sea terminals. IDO’s privatization tender is expected to draw bids from both domestic and foreign companies.
turkey; istanbul; istanbul municipality; ido; ferry services; privatization; turkey privatizations 2011