17 April 2014, Thursday
Today's Zaman

Turkish-Italian JV to build 3rd bridge

29 May 2012, Tuesday /TODAY’S ZAMAN
A joint venture between Turkish construction firm İÇTAŞ and Italian construction group Astaldi has won the tender for the North Marmara Highway project, which will involve the construction of a third bridge over the Bosporus Strait, Minister of Transport Binali Yıldırım announced in Ankara on Tuesday.

The announcement marks the end of a long tender process, during which the government faced such difficulties as protests by environmental activists and a lack of offers. Plans for the North Marmara project were announced in March 2011, with the bidding set to take place in August of that year but delayed until Jan. 10, 2012 at the request of candidate companies that had difficulty financing the project.

Certain parties opposed to the construction of the third bridge argue it will pose a threat to the city’s forests and natural resources, but government officials have been determined to finalize the process. The planned 414-kilometer-long North Marmara Highway will connect the western Marmara province of Tekirdağ to the Aegean province of İzmir via a third bridge over the Bosporus and another over the Gulf of İzmit. IC İÇTAŞ Construction and their Italian partner Astaldi Group were among the four candidates in the final stage of the tender on April 20. The tender commission required the winning venture to guarantee the bridge would be built in the shortest time possible, with the most favorable costing. Yıldırım said the İçtaş-Astaldi consortium offered to finalize the bridge in 36 months for an estimated cost of $4.5 billion. The Bosporus bridge will be constructed using a build-operate-transfer (BOT) model.

The proposed 1,275-meter-long suspension bridge over the Bosporus is planned to connect the neighborhood of Garipçe in the city’s Sarıyer district on the European side with the Poyrazköy neighborhood in Beykoz on the Asian side. The first bridge over the river, the Bosporus or Boğaziçi Bridge, was constructed in 1973. The second, the Fatih Sultan Mehmet Bridge, named after 15th-century Ottoman Sultan Mehmed the Conqueror, was completed in 1988.

The North Marmara Highway is the largest BOT scheme in Turkey to date.

beginning to the end.... http://www.ekumenopolis.net/
local alien
that is a good news for the economy and country...thousands of jobs will be created in the process and the other good thing is bridge will also have railway crossing and wont cost a penny to the state..doesnt get better then that
Not that it matters to me, since I spend the days in Dutch coffee shops full of immigrants (only men of course). And.collect wellfare money from the state.
Well Turkey has had good experiences by cooperating with the Italians in various sectors. Hope these steps with Turkey will somehow relief the Italian construction/defense industry. Turkey should prefer Italy as reliable partner. Hope the Italian economy to recover soon.
Click here to read all user comments
BUSINESS  Other Titles
Twitter: No current deal to open office in Turkey
Ankara says Russia's South Stream pipeline could run to Turkey
Turkish central bank meeting eyed for signs of political meddling
Turkish cement firms eye assets after Holcim-Lafarge merger
CHP raises issue of irregularity in loans for Sabah-ATV sale
TUSKON key in trade with Turkey, top Russian group says
Number of job seekers hits 10-year high
Gül attends event of group labeled ‘traitors' by Erdoğan
'Banning social media disaster for any government's global image'
Pakistan publishes list to embarrass tax cheats into paying up
Turkish schools help to enhance trade relations with Africa
Unemployment rate sees decrease year-on-year in Jan
Pegasus Airlines to start flights to Bahrain
Installment payments down 16 pct since credit card regulation implemented
Euro zone's trade surplus widens on rising exports in February
Doğan Holding merges with publishing group
Turkey's Koç: We will concentrate our energy on investments
EU lawmakers complete financial system overhaul
Egypt limits air conditioning in mosques as power shortages worsen
TL 1.5 billion budget deficit seen in Q1