Giant project financier Asset Fund was officially established in Turkey: Turkey Welfare Fund, which will provide resources to Turkey's giant projects, with commodities-based tools to make the purchase and sale of real estate CERTIFICATE
Turkey Assets Fund (TVF), the channel until the third Istanbul airport in Turkey to remove all mega eliminate the financing problems faced by projects. Thanks to Turkey Wealth Funds, Channel Istanbul, the third airport in Istanbul, Istanbul 3 large tunnel-storey, high-speed train, will facilitate the access to finance large projects such as nuclear power plants. Funds will be borrowed from domestic and foreign markets for the funding of mega projects that will open new jobs to thousands of people.
To this end, the fund will buy and sell capital market instruments, rent and real estate certificates based on commodities. In addition to infrastructure investments, oil, natural gas, renewable energy, such as projects to ensure the acceleration of the fund, as well as defense, aviation, software, pharmaceuticals, such as domestic companies will operate in areas such as open. Companies, the capital of Turkey and the project will become a global power in terms of support in these areas. Turkey AŞ Asset Management Fund determines the structure and principles for the functioning of the Cabinet decision, published in Official Gazette enacted. According to this, the company will be able to cooperate with national and international organizations within the framework of its activities. The company, with confidence enhancing steps target markets, domestic and shares of foreign companies in Turkey and the shares belonging to issuers established abroad and debt instruments of precious metals and commodity-based export capital market instruments, fund shares of the derivative vehicles, lease certificates, real estate buy and sell certificates, specially designed foreign investment instruments and other instruments.
INVESTMENT COMMITTEE WILL BE
The Company will base its interests on objective good faith, diligence and prudence on the interests of the funds it has established and managed while conducting its activities. The necessary units for the company and the funds will be created by the decision of the board of directors. An investment committee will be established for each sub-fund to be established under the TVF. There will be at least one board member, general manager and a portfolio manager in the investment committees. In addition, individuals who comply with the investment strategy of the relevant sub-fund within or outside the company may also be assigned to the investment committees.
CURRENT FROM PRIVATIZATION
The resources of the TVF will consist of surplus income, resources and assets in the savings of public institutions among the resources that are determined by the Privatization High Council in the scope and program of privatization and which are decided to be transferred to the TVF and transferred to the TVF from the Privatization Fund. In addition, financing and resources obtained from domestic and foreign capital and money markets, as well as financing provided by other methods, will be among the sources. TVF will be able to provide funding and resources from all types of domestic and foreign capital and money markets without the permission and approval of the relevant legislation.
SOURCE FROM FUNDS TO TVF
The company's main sources of income will include revenues from the evaluation of company capital, fees collected from funds and portfolios, revenues from other activities of the company and other revenues. The 3 annual strategic investment plan, including the company and its subsidiaries, TVF and the sub-funds to be established within this fund, will be prepared by the board of directors and submitted to the Council of Ministers. The company will announce its annual activity reports on TVF and its website. The content of these reports will be determined by the board of directors.
25 XYUMX BILLION DOLLARS IN YEAR
3 airport project in Istanbul will be realized with the investment of 12 billion dollars. 90 million passengers per year in the first phase of the airport will be opened at 2018, the total capacity will reach 150 million. 25 will save 25 billion dollars per year in the state's coffers, and will open a door to thousands of people. Turkey entered into force in the Official Gazette Asset Fund and the acceleration of mega projects that will be effective in eliminating the source of the problem. The center of the Fund will be located in Istanbul.
INVESTMENT IN THE INVESTMENT OF STATES
The company will be able to realize all kinds of commercial and financial activities with the help of projects, project development, external project credit supply and other means of resource procurement, which can realize money market transactions, real estate and royalties rights. The company will be able to participate in the investments to be made by other states or foreign companies in international areas through national investments. These actions by the company or its subsidiaries Turkey Assets Fund (TVF) or can be performed in tvf'y connected via sub-funds. The company which will be the main center of Istanbul, will be able to establish branches, representative offices, liaison offices and agencies in Turkey and abroad with the decision of the board of directors.