Chinese demand for Yavuz Sultan Selim Bridge

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The Minister of Transport and Infrastructure Cahit Turhan, who attended the press conference held at the Information Technologies Authority (BTK) on the "Evaluation of 2018 and targets for 2019", negotiated with the Chinese for the shares of Italian Astaldi, who has shares in Yavuz Sultan Selim Bridge and Osmangazi Bridge. told. Minister Turhan stated that the dollar rate was updated twice a year in the Eurasia Tunnel, which is the project of the Ministry, and noted that the price was determined twice in the calculation of the amount to be paid.

On the transfer of shares of Yavuz Sultan Selim Bridge and Istanbul-Izmir Motorway, Turhan reminded that the price update was made once a year according to the New Year's exchange rates at the New Year's Build-Operate-Transfer (BOT) contracts.

Explaining that Astaldi was in the consortium of Yavuz Sultan Selim and Osmangazi bridges, Turhan said:

“Astaldi has economic difficulties, worldwide. He wants to transfer his shares. In accordance with the contract, the banks that finance these projects have to inform and get their approval in any kind of share transfer, right transfer, contract revision. In order not to be usurped in any way. A market assessment is currently underway. 'This is a business, what is the value of this company? What will be its value next? ' There are those who aspire to their shares. It has its own partners and also from outside. The Chinese are also interested. They also determine the value of Astaldi's shares. All of these are subject to the approval of both the financial institution and the administration. ”

Minister Turhan stated that the dollar rate was updated twice a year in the Eurasia Tunnel, which is the project of the Ministry, and noted that the price was determined twice in the calculation of the amount to be paid.

Expressing that the price related to the toll has been determined in the Eurasia Tunnel, Turhan said, however, that the Administration has ordered to continue with the old prices.

Pointing out that the amount was determined once a year in the Istanbul-Izmir Motorway contracts with the North Marmara Motorway, Turhan said, “The companies applied to us because of the excessive exchange rate change in 2018. We examine this with the Treasury. Here, efforts are underway to find a solution to our Treasury friends in order to protect the rights and law of both the public and the company in order to eliminate the victimization. ” found the assessment.

Explaining that the companies in charge face high interest payments to financial institutions due to the increase in the exchange rate, Turhan said, “We intend to protect the public right by cutting this from the duration of the company in question, if we do this twice in the dry year. used expressions.

Armin

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