Currency Adjustment of Yavuz Sultan Selim Bridge for Guarantee Payments

Yavuz Sultan Selim Koprusune
Yavuz Sultan Selim Koprusune

Yavuz Sultan Selim and the North Environmental Motorway will be taken into account in the service, the state will pay the operator of the company will take into account the dollar rate in two different dates. In the payments, the first half of the year for January, the second half of July for the month of July will form the basis. The date on which the state would make the payment was also changed. Accordingly, 1 January-31 In July of the same year for June, 1 July-31 will be paid for December in the following year.

Yavuz Sultan Selim Bridge and the Northern Environmental Motorway, IC İçtaş Construction olu Astaldi consortium operates ICA. The company applied to the Ministry of Transport and Infrastructure after the shock increase in the dollar exchange rate in August of 2018.

Pointing to the volatility in the exchange rate, he requested changes in the calculation method of the payments under the guarantee. January for the first half of the year, the second half of the month of July, the exchange rate brought to the agenda.

NEW CALCULATION METHOD OF THE MINISTRY

HabertürkAccording to the report of Olcay Aydilek from the Ministry of Transport and the General Directorate of Highways did a study on this issue. The study was concluded recently. The new calculation method was put into practice with the approval and signature of the authorities.

What does the new model predict? Brief information about the old payment method before answering this question.
Yavuz Sultan Selim and Osmangazi bridges, the Eurasia Tunnel and the Istanbul-Izmir motorway were constructed by the private sector with a build-operate-transfer model. In these projects, tolls were determined as foreign exchange.

The state guaranteed a certain number of vehicles to these projects. If the vehicle passes below the guarantee limit, the government pays the difference. For example, warranty payments for the year of 2018 were made in April of 2019. On payment, 2 was based on January 2018 dollar rate. The state has paid 3 billion 650 million TL to the relevant enterprises for the specified number of vehicles.

NEW SYSTEM

Now let's take a look at the new payment system. Yavuz Sultan Selim and the North Environmental Motorway will be taken into account in the service, the state will pay the operator of the company will take into account the dollar rate in two different dates. In the payments, the first half of the year for January, the second half of July for the month of July will form the basis.

The date on which the state would make the payment was also changed. Accordingly, 1 January-31 In July of the same year for June, 1 July-31 will be paid for December in the following year.

What about the other projects? No other changes have been made yet. However, it is stated that this step will create a inin precedent Ancak and that a similar implementation will be possible in other projects.

Armin

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