Turkey plans $11 billion super highway

September 28, 2010
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urkey's super highway project

Turkey has signed an $11 billion build-operate-transfer deal with a consortium of six construction companies to carry out the country’s largest highway project.

The highway will reduce travel time between Istanbul and İzmir from six hours and a half to about three hours when it is completed in 2017, Daily News and Economic Review reported.

The mega-project will include the world’s second-longest suspension bridge built over the Gulf of İzmit.

The government plans to break ground for the project within two months and seven companies will work on the project.

“Some 10,000 jobs will be created during the project’s initial phases, and the highway is expected to provide work for 50,000 toward the latter stages of its construction,” Turkish Transportation Minister Binali Yıldırım said at the signing ceremony in Ankara.

The consortium, consisting of Turkish construction firms Nurol, Özaltın, Makyol, Yüksel and Gökçay and Italian-based Astaldi, will transfer the highway to government control in roughly 22 years, including construction time.

“The project is the largest to be carried out at one time under the build-operate-transfer model in Turkey’s history,” Yıldırım said.

The one hour needed by motorists to transit the gulf will be reduced to just six minutes once the 3,000 meters long bridge is complete.

“According to our calculations, the project will lead to time and fuel savings of $870 million a year, which is a presumptive return on investment in 10 or 11 years,” he said

         

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About the author

Born August 3, 1960 in Monastir, Tunisia
Career
Media career:
  • ABC News (Tunisia)
  • Bahrain Tribune
  • Gulf News
  • Bahrain Television News
Teaching career:
  • Monastir (Tunisia)
  • University of Bahrain
Education
  • MA  Mass Communications, University of Leicester
  • BA  in English & US literature and studies, University of Tunis

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