Motts to advise on $2.5bn Turkish PPP

It was appointed by the IC Ictas-Astaldi (ICA) consortium to work on the project, which is the first of a number of phases of the motorway and is being delivered under a 10-year, US$2.5bn (£1.6bn) public-private partnership (PPP).

The project comprises the design, construction, maintenance and operation of the 60km dual four-lane motorway between Odayeri and Paşaköy. It includes construction of 55km of connection roads, 19 motorway junctions, 67 viaducts, and seven tunnels and a 1.4km-span road-rail bridge across the Bosphorus.

Mott MacDonald will carry out a technical due diligence review of the project documentation produced by concession company ICA up to financial close. Following financial close, Mott MacDonald will undertake construction and operations monitoring on behalf of lenders.

John Young, Mott MacDonald’s project director, said: “The new east-west route should alleviate congestion on existing routes across Istanbul, including the two existing bridges across the Bosphorus. This should enhance economic growth in the region and improve trade between Europe and Asia. It should also open up possible development in northern Istanbul.”

Financial close is expected to be reached before the end of 2013, with construction due to be complete in 2016.

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