Turkey's new highway

Work on Turkey's Istanbul-Izmir highway is now in planning. The US$1 billion project will include a radical suspended bridge, said to be one of the longest of its type.
February 7, 2012 Read time: 1 min
Work on Turkey's Istanbul-Izmir highway is now in planning. The US$1 billion project will include a radical suspended bridge, said to be one of the longest of its type. A group of banks, 1469 Banca Infrastrutture Innovazione e Sviluppo (BIIS), the infrastructure investment unit of the 1473 Intesa Sanpaolo group, 1474 Citibank and Turkish bank 1476 Akbank are supporting the project. In Turkey BIIS has already funded the Gumusova-Gerede highway, which is worth $239.5 million.
Road Structures

For more information on companies in this article

Related Content

September 21, 2012

New Turkish highway receiving financing

Financing is being made ready for a highway project in Turkey. The upgraded route will connect Turkey’s commercial centre, Istanbul, with the port city, and holiday destination, Izmir. Work will be carried out along a 45km stretch and also includes construction of a new suspension bridge. Some US$1.35 billion will come from Turkish banks including Akbank, Finansbank, Halk Bank, Garanti, Vakfbank, Yap ve Kredi Bank and Ziraat Bank.
February 27, 2012

Funding speeds Italian project

Banks funding Italy's new Brescia-Bergamo-Milano (BreBeMi) highway are now giving access to the ?1.91 billion required to complete the work.
March 19, 2015

Deutsche Bank and Akbank among banks to fund Gebze-Izmir motorway

A final financing agreement for Turkey's 421km Gebze-Izmir motorway project will be signed by nine banks, eight of which will be Turkish, in April. The agreement will be for around US$4.73 billion of the deal likely to cost in total more than $6 billion and which is the country’s largest public-private partnership project. The banks are Deutsche Bank and Turkish banks Akbank, Garanti Bankasi, Finansbank, Is Bankasi, Halkbank, Ziraat Bankasi, Yapi Kredi and Vakfbank. Work has been going on since 2010 for the
July 5, 2016

Haulotte wraps it up at Turkey’s Osman Gazi Bridge

French access group Haulotte and the Turkish access distributor and rental group Acarlar continue to contribute to major infrastructure projects in Turkey, including the new Osman Gazi Bridge. The bridge – the third Bosporus crossing - has just been completed with the installation of the last bridge deck. The bridge will reach a height of 252m and the bridge deck will be nearly 26m wide. When it soon opens, the bridge will be the fourth longest suspension bridge in the world by the length of its central
boombox1

Highlighted Content

boombox2