The Pass Guarantee Given For Yavuz Sultan Selim Bridge Did Not Hold Again

Yavuz Sultan did not keep the guarantee for the Selim bridge.
Yavuz Sultan did not keep the guarantee for the Selim bridge.

In the second half of 2019, the amount to be paid to the ICA by the operator IC İçtaş İnşaat – Astaldi consortium, under the guarantee, was largely determined, since the number of vehicles projected from Yavuz Sultan Selim Bridge did not pass. In the last week of the month, a payment of about 1.6 billion TL (small change may occur) will be made. ICA was paid 1 billion 450 million TL for the first half of the year.


As the predicted number of vehicles did not pass through Yavuz Sultan Selim Bridge in the second half of 2019, the amount to be paid to the ICA by the operator IC İçtaş İnşaat-Astaldi consortium under the guarantee was largely determined.

According to the news of Olcay Aydilek from Habertürk; A payment of around 1.6 billion TL will be made to the consortium in the last week of the month. ICA was paid TL 1 billion 450 million for the first half of the year. Yavuz Sultan Selim-Northern Ring Motorway, Osmangazi Bridge and Gebze-Orhangazi-Izmir Motorway, Eurasia Tunnel were built by the private sector with the build-operate-transfer (BOT) model. In these projects, the vehicle transition costs were determined in foreign currency. The state has guaranteed a certain number of vehicle migration to these projects. If the vehicle transitions are below the warranty limit, the state pays the difference.

PAYMENT PERIOD

IC İçtaş İnşaat-Astaldi consortium ICA operates the Yavuz Sultan Selim Bridge and the Northern Ring Motorway. ICA applied to the Ministry of Transport after the increase in the dollar rate in August 2018. Pointing to the volatility in the exchange rate, he asked for a change in the method of calculating payments to be made under warranty. He demanded that the January exchange rate for the first half of the year and the dollar rate for the second half be based on. This request was found 'appropriate'. Previously, the dollar rate of January of the relevant year was taken as a basis and the guarantee payment was made at once in April of the following year.



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