Turkey to privatise Istanbul’s Bosphorus bridges

Posted on 30 August 2011

30 August 2011 – Turkey’s OIB (Privatization Administration) has announced the transfer of the Bosphorus bridges (Bosphorus and Fatih Sultan Mehmet) operational rights to the private sector under a 25 year agreement. The OIB has said it expects substantial interest from local and international investors and has already held talks with several European companies. The Turkish government has set itself a target of 350 Billion USD for investment in communication and transportation projects by 2023, of which 52 Billion USD will be spent on 12 new super highways. Source: Invest in Turkey

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