Consortium to provide half of US$ 2.70bn for Turkish motorway

Nurol-Özaltn-Makyol-Astaldi-Yüksel-Göçay consortium says it will provide half of the US$ 2.7 billion required to build Turkey’s new Gebze-Orhangazi-zmir motorway from its own combined funds. The other half of cost will be covered by a bank loan agreement secured by the consortium.

September 27, 2012 Read time: 1 min

3338 Nurol-Özaltin-3340 Makyol-1324 Astaldi-4149 Yüksel-3342 Göçay consortium says it will provide half of the US$ 2.7 billion required to build Turkey’s new Gebze-Orhangazi-zmir motorway from its own combined funds. The other half of cost will be covered by a bank loan agreement secured by the consortium.

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Egis has been awarded a major Turkish highway deal

Egis has signed a contract for the operation and maintenance of the Gebze-İzmir highway in Turkey. The agreement was signed with OTOYOL, the concessionaire for the Turkish General Directorate of Highways (KGM). This is the second major contract award for Egis in Turkey, following the Eurasia Tunnel deal, for a 5.4km twin-deck tunnel under the Bosphorus. OTOYOL was selected by KGM as the private concessionaire for the project. OTOYOL itself is a firm established for the purpose of the Project by five Turkish