Çanakkale Otoyol, the owner of the 1915 Çanakkale Bridge and Highway project, has announced that it has secured EUR2.3 billion (US$2.83 billion) financing from a consortia of 24 banks and institutions from ten countries. The project involves the construction of the longest suspension bridge in the world in north-west Turkey. The total estimated value is EUR3.1 billion (US$3.85 billion).
Infrastructure/PPP news in Turkey
TAV Airports has announced that it is buying IC İçtaş' 49% stake in ICF Antalya, the joint venture that manages Antalya Airport. Located on the south-west coast of Turkey, 13km north-east of the city centre of Antalya, the airport is the second biggest in the country in terms of international passenger traffic, having served more than 26 million passengers in 2017.
The Government of Turkey has announced the route for a canal to be developed through a public-private partnership. The 45-km Kanal Istanbul will link the Black Sea and the Sea of Marmara west of the Bosphorus, running from the Durusu region on Istanbul's Black Sea coast to Kucukcekmece Lake on the Sea of Marmara.
CCN Yatırım Holding Anonim Şirketi has achieved financial close of its contract to finance the design, construction, operation and maintenance of a medical research centre in Ankara. The estimated value of the project is EUR715 million (US$858 million).
The first disbursement under a comprehensive long-term financial package for the construction of a new €490 million high-tech hospital in Bursa, Turkey’s fourth most populous city, has been made.
Turkey Maritime Organization Inc. has started a tender process for the privatization of the Tekirdag Port via "Operating Rights Transfer" for a period of 36 years. The deadline for submitting proposals is December 20, 2017.
Turkey's Bursa Hospital PPP Project has secured financing for its development.
Turkish infrastructure company Akfen Holding has sold its 40% stake in Mersin International Port to IFM Investors, an Australian infrastructure fund management company, for US$869 million.
Ronesans and Japan’s Sojitz have concluded a US$1.5 billion (JPY163 billion) financial deal with major Japanese institutions for the development of the Istanbul-Ikitelli PPP Integrated Health Campus.
Turkey’s Izmir Bayrakli Integrated Health Campus PPP has reached financial close.
Turkey's Gaziantep health campus PPP project has achieved financial close.
A Samsung C&T-lead consotium have raised additional equity for the Gaziantep PPP Integrated Health Campus in Turkey, and now expect to reached financial close by the end of June 2017.
The Turkish General Directorate of Highways (KGM) has selected a consortium formed by ERG Insaat and Seza Insaat as the preferred bidder for the Ankara-Niğde Motorway PPP Project.
The European Bank for Reconstruction and Development (EBRD) has announced its plans to finance of a Turkish health PPP project.
A Turkish - Korean team formed by SK Engineering & Construction Co. (SK E&C), Daelim Industrial Co. and Limak and Yapi Merkezi have been selected as preferred bidder to develop the 1915 Canakkale Suspension Bridge PPP, which is part of the Kinali-Tekirdag-Canakkale-Savastepe Highway on BOT.
MegaProject 835: Rönesans to complete a loan deal worth US$1.5 billion for Istanbul İkitelli city hospital project
Turkish construction and investment firm Rönesans Holding’s healthcare unit will complete a yen-denominated loan deal worth US$1.5 billion for its Istanbul Ikitelli city hospital project from Japanese banks JBIC, Nexi, SMBC and BTMU by the end of March 2017.
Meridiam and Ronesans have announced that it has reached financial close for the Elazig Integrated Health Campus PPP Project in Turkey.
The European Bank for Reconstruction and Development (EBRD), Export Development Canada (EDC) and the Overseas Private Investment Corporation (OPIC), the US government’s development finance institution, are co-financing the development of a €375.75 million high-tech hospital in the north-western Turkish province of Kocaeli.
Turkish conglomerate Akfen Holding has announced that its construction unit Akfen Insaat has closed financing for the Eskisehir City Hospital PPP project in Turkey.
The Turkish government has started the tender process for the development of the new highway PPP megaproject connecting Istanbul to the northern Aegean region.