Bridges and highways are being privatized

Bridges and highways are being privatized: the Privatization Administration will select consultants for the privatization of bridges and highways by the end of the month; the privatization process is expected to start in the first quarter of 2015.
Istanbul 1. and 2. While opening a tender to select the consultants within the scope of the privatization works of the bridge and some highways; the privatization process is expected to start in the first quarter of next year.
According to the information provided by the knowledgeable sources, the PA sent invitation letters to the relevant companies to select a consultant and noted that the offers could be submitted by the end of November. A source with information on the subject said, “The method of privatization will be decided together with the consultant. After the cancellation of the first tender, the public offering option came to the fore, but besides this, the privatization of the transfer of the right to operate again or grouping according to the revenues of the bridges and highways are among the options discussed. ”
Another source with information about the process is, “First of all, the decision of the Privatization High Council should be issued. After the completion of this, the privatization process is expected to begin in the first quarter of 2015 ”. The tender of the Gözde Girişim joint venture group of Koç Holding -Manesia UEM Group Berhad-Yıldız Holding, with the best bid of $ 1 billion, for the privatization of the 2st and 25nd bridges and some highways for 2012 years; According to the work done by Prime Minister Tayyip Erdoğan, the privatization value was canceled by the AGB after the assessment that it should be the lowest 5.72 billion dollars.
In a bag law adopted by the Turkish Grand National Assembly in February this year, it was envisaged to transfer the relevant highways and facilities of the General Directorate of Highways to a company for the public sale of bridges and highways. Accordingly, if it is decided to apply the share sales method within the framework of the Privatization Law, highways; It will grant the operating rights of motorways and their maintenance and operation facilities and assets to the joint stock company to be established by the PA for 25 years at no cost.



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