Otoyol Yatırım AŞ, which undertook the operation of the Gebze-İzmir highway, which was widely discussed with the round-trip cost between Istanbul and Izmir for automobiles at the time of its opening, was authorized as a consultant for the international investment bank JPMorgan.
Information on authorization was obtained from four sources close to the subject.
Turkey, one of the largest infrastructure projects including bridges Osmangazi Gebze-Izmir highway tender Nurol In April 2009, Özaltın, Makyol, Astaldi and won Gocay consortium of companies.
With a total investment cost of 7.3 billion dollars, the project was funded with 4.96 billion dollars of loans, 1.5 billion dollars of equity and 800 million dollars of net early operating income.
A source with a direct knowledge of the subject stated that after the authorization of JPMorgan, potential buyers will be evaluated, "How much shares will be sold depends on buyers, price and interest."
JPMorgan did not comment on the subject, while Otoyol AŞ did not receive an answer at the time of writing the news.
Italian Astaldi, which had a share of less than 19 percent in the project, was declared concordat by being strongly affected by the decline in the Italian construction industry. In this context, the presence in Turkey of the Astaldi last year in Istanbul at the end of the third bridge had agreed to sell 33 percent stake in the Turkish partner.
While Otoyol Yatırım A.Ş. had 26.98 percent of Nurol İnşaat and Özaltın, Astaldi had 18.86 percent and Göçay had 0.2 percent.
At the beginning of last year, it was announced that initiatives for the determination of the value of the Gebze-İzmir highway and the selection of consultants for the determination of potential buyers were started.
YAVUZ SULTAN SELİM BRIDGE TO THE CHINESE
With the fund created by Six Chinese companies in December, it was reflected in the press, where it will purchase 51% of the Third Bosphorus Bridge and the Northern Marmara Motorway. The companies in question are: China Merchants Expressway, CMU, Zheijiang Expressway, Jiangsu Expressway, Sichuan Expressway and Anhui Expressway.
688.5 MILLION DOLLARS
Consortium members will spend $ 688.5 million for partnership. The biggest partner in the project will be China Merchants Expressway with a 31 percent share. CMU with 20% share, Zhejiang and Jiangsu Expressway with 17.5%, Sichuan Expressway with 7% and Anhui Expressway with 7%.
3 BILLION DOLLAR
The width of the Yavuz Sultan Selim Bridge, whose tower height is 322 meters, is 59 meters. The bridge has a span of 1.408 meters and its total length is 2 thousand 164 meters. The investment cost is 3 billion dollars. Yavuz Sultan Selim Bridge has a daily 135 thousand vehicle pass guarantee. (Reuters)