Vehicle Passing Guarantee of Osmangazi Bridge is Below the Limit! Great Loss

osmangazi bridge vehicle pass guarantee is under the limit
osmangazi bridge vehicle pass guarantee is under the limit

The amount of the payment to be made to Osmangazi Bridge and Gebze-Orhangazi-İzmir Motorway under the "guarantee" for the second half of 2020 has largely been clarified. Operator Otoyol Yatırım AŞ will be paid 2020-1 billion liras in the period of 31 July-1.5 December 1.6 due to the fact that the vehicle passes remain below the guarantee limit.

On Tuesday, September 2020, 29 billion 1 million TL was paid to the company for the first half of 750. Sources close to the company stated that work on the payment continues. Sources noted that the amount was almost finalized.

According to the news of Olcay Aydilek from Habertürk, Turkey, build-operate-transfer (BOT) model with the private sector "Resolution" was described as carry out large infrastructure projects. Yavuz Sultan Selim Bridge and Northern Ring Motorway, Osmangazi Bridge and Gebze-Orhangazi-İzmir Highway, Eurasia Tunnel were built with this method. The state guaranteed vehicle passage for these projects, whose construction and operation was undertaken by the private sector. Vehicle transition fees were determined in dollars in some projects and in euro in some (last period). In case the vehicle passes are below the warranty limit, the state pays the difference. This is called "Vehicle pass guarantee payment".

THE SECOND HALF PAYMENT OF 2020

The state makes guarantee payments twice a year on Yavuz Sultan Selim Bridge-Northern Ring Motorway, Osmangazi Bridge and Gebze-Orhangazi-İzmir Highway.

Otoyol Yatırım AŞ operates Osmangazi Bridge and Gebze-Orhangazi-İzmir Highway. Guarantee payments in the range of 2020 billion 29-1 million TL were made to the business on Tuesday, September 750 for the first half of 800. The guarantee payment for the second half of 2020 will be made this month.

THE AMOUNT HAS BEEN CLEARED TO A LARGE SCALE

The amount regarding the payment to be made under the guarantee has been clarified to a great extent. Operator Otoyol Yatırım AŞ will be paid 2020-1 billion liras in the period of 31 July-1.5 December 1.6, due to the fact that vehicle passes remain below the guarantee limit. The payment is expected to be made at the end of this month at the latest.

Armin

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