Turkey’s latest landmark bridge securing funding

Turkey’s programme of bridge and highway building looks set to continue with a funding package for the 1915 Canakkale Bridge and Highway project being found. The bridge will span the Dardanelles Straits and the funding package is worth US$2.83 billion. The financing will come in the shape of a loan has been secured by a group of 24 banks and institutions from 10 countries in all. The loan calls for a 15 year repayment period. The bridge will be a constructed by a consortium, Canakkale Otoyol.
March 23, 2018 Read time: 1 min

Turkey’s programme of bridge and highway building looks set to continue with a funding package for the 1915 Canakkale Bridge and Highway project being found. The bridge will span the Dardanelles Straits and the funding package is worth US$2.83 billion. The financing will come in the shape of a loan has been secured by a group of 24 banks and institutions from 10 countries in all. The loan calls for a 15 year repayment period. The bridge will be a constructed by a consortium, Canakkale Otoyol.

Finance & Funding

Related Content

March 26, 2018

Turkmenistan highway project – funding secured

A finance package has been secured to help pay for the building of Turkmenistan’s Ashgabat-Turkmenabat highway project. Worth US$2.4 billion, the financing comes in the shape of a loan and is being provided by the Central Bank of Turkmenistan. The finance package is being provided to the Union of Industrialists and Entrepreneurs of Turkmenistan under a 20-year loan deal that includes a grace period of five years. The new Ashgabat-Turkmenabat highway project will help to improve transport efficiency in
February 14, 2017

Major Turkish bridge project moving forward

The project to build Turkey’s new 1915 Cannakkale Bridge is gathering pace, with construction work expected to commence shortly. The tender for the project was won by a contracting consortium comprising construction companies coming from Turkey and South Korea. The Turkish contractors in the consortium are Yapi Merkezi and Limak while the South Korean companies are SK and Daelim and this project team was awarded the deal due to the short construction period required. The bridge will span the Dardanelles Str
boombox1

Highlighted Content

boombox2