'Setup' Preparation on Osmangazi Bridge

osmangazi koprusunde exchange preparation
osmangazi koprusunde exchange preparation

The Yavuz Sultan Selim and Osmangazi bridges, the Eurasia Tunnel and the Istanbul-Izmir and the Northern Environment motorways were constructed by the private sector by the build-operate-transfer (BOT) model. In these projects, vehicle tolls were determined as foreign exchange.

CAR TRANSITION WARRANTY
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 IN WARRANTY PAYMENTS
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 increase in the dollar rate in August of 2018 and pointed to the volatility in exchange rate and requested changes in the calculation method of the payments to be made 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. In this project, the new calculation method has been implemented in the guarantee payments.

2 ON THE DIFFERENT WIZARD
According to this, starting from this year, Yavuz Sultan Selim and the North Environment Motorway will be taken into service in the state, the state will pay the operator of the company will take into account the dollar rate at two different dates. In the payments, the first half of the year for January, the second half of July will be based on the dollar rate.

HISTORY OF PAYMENT
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. The guarantee payment for the first half of the 2019 will take place in the last week of July. Calculations are made on this subject.

SETTING
The operator of Osmangazi Bridge and Gebze-Orhangazi-Izmir Motorway Project, Otoyol Yatirim AS, is preparing for the Or exchange rate ü setting. The operator is expected to apply to the Ministry of Transport and Infrastructure and the General Directorate of Highways after the holiday and to make sure that the exchange rate in two different dates will be taken into consideration in the guarantee payments to be made by the state. (Olcay Aydilek - Habertürk)

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