Bridges and highways

For the public offering of bridges and highways, the Law on the Organization and Duties of the General Directorate of Highways is expected to be amended and a management company will be established under the Privatization Administration.
It is planned to be offered to the TGNA next week and will be launched through this company.
According to the information received from the Ministry of Transport, Maritime Affairs and Communications officials, work is being carried out for the public offering of bridges and highways that have been canceled for the privatization tender.
In this context, granting the right to operate the motorways under the responsibility of the General Directorate and maintenance and operating facilities, service facilities and other goods and service production units and assets on them, stated in Article 6001 of the Law No. 29 on the Organization and Duties of the General Directorate of Highways. It is carried out by the Privatization Administration in accordance with the provisions of the law. Within the scope of the Law No. 4046, the granting of the right to operate the existing highways is regulated by concession agreements. ”The statement created an obstacle to the public offering of bridges and highways, prompting the authorities.
Accordingly, the amendments to be made in the aforementioned law can be offered to public by bridges and highways. After the regulation is enacted, it is foreseen to establish a company whose management will be in the Presidency of Privatization Administration and to carry out the public offering through this company.
Authorities noted that the change is expected to be submitted to the Parliament next week and that the maintenance and repair works of bridges and highways are planned to be carried out by the General Directorate of Highways.
Tender canceled the tender
"Edirne-Istanbul-Ankara Highway", "Pozantı-Tarsus-Mersin Highway", "Tarsus-Adana-Gaziantep Highway", "Toprakkale-İskenderun Highway", together with the connection roads, which were undertaken by the General Directorate of Highways, undertook the construction, maintenance, repair and operation. , "Gaziantep-Şanlıurfa Highway", "İzmir-Çeşme Highway", "İzmir-Aydın Highway", "İzmir-Ankara Ring Highway", "Bosphorus Bridge" and "Fatih Sultan Mehmet Bridge and Peripheral Highway" and service facilities on these, The Privatization Administration concluded final bargaining negotiations on the privatization of maintenance and operation facilities, wage collection centers and other goods and service production units and assets in a single package, by granting operating rights for 25 years from the actual delivery date, on December 17, 2012.
However, the Privatization High Council (ÖYK) had canceled the tender given by Koç Holding AŞ-UEM Group Berhad-Gözde GSYO AŞ Joint Venture Group with the highest bid of 5,7.
IPO process of private companies
While private companies are offered to the public, a progressive process is being followed by 9. First of all, after preparing the necessary documents, the company applies to the Capital Markets Board (CMB) to be registered and to the Borsa İstanbul (BIST) to be traded in the relevant market. He then applied to the Central Registry Agency with the Settlement and Custody Bank and started the promotional activities to attract the investor.
In the period when the ISE and CMB experts have examined the company, the missing information and documents in the application for public offerings and exchange transactions are completed and the company headquarters and production facilities are visited by experts and on-site examinations are made.
The results are reported after the completion of the IPO and public offering processes. The process is completed when the company is placed in the stock market and started trading.

Source: milliyet

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