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Wed May 29 2024

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Foreign interest high in Turkey's $5bn road privatisation

27 Jul 12 A large number of domestic and foreign investors are expected to bid for Turkey’s major highways and bridges, according to the Turkish government.

The privatization is expected to raise US$5bn to US$6bn (£3.2bn to £3.85bn). Turkey’s Koc, Limak, Akfen as well as international giants including Astaldi, Posco and Autostrade are among possible bidders for the tender, said the government.

The assets were put on sale as a single package by the country’s privatization administration, OIB. The administration has recently extended the due date for the application for preliminary qualification until September 3rd and the final bid date until October 31st.

The privatisation covers over 2,000km of highways and the two bridges over Istanbul Strait. The privatisation tender gives the winning company or consortium a 25-year operating period for the package.

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