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ARTICLE · 03 DECEMBER 2008

Update Report For The Highways And Bridges Privatization

Bener Law Office
Bener Law Office
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Bener Law Office

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In April 2007, the Turkish government announced its plans to privatize the operations of several bridges and stretches of highway throughout the country.

TurkeyGovernment, Public Sector
Onur Kordel
Onur Kordel

Background

In April 2007, the Turkish government announced its plans to privatize the operations of several bridges and stretches of highway throughout the country. Slated for privatization are the two Bosphorus bridges linking the European and Asian sides of Istanbul. The bridges together handled in excess of 303 million cars and generated over 640 million New Turkish Liras of revenue from tolls in 2007. Approximately 1,860 KM of highway are also on the agenda. The goals of this privatization effort are clearly to increase quality of service and to guarantee continued/new investment in super- and infra- structures. The Privatization High Council (PHC) passed a resolution outlining a bidding process for that was to begin in early summer 2008 with final contract awards being completed by 31 December 2008.

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