Turkey to hold January 26 tender for world's longest suspension bridge

By bne IntelliNews January 26, 2017

Turkey will on January 26 call for bids on a contract with an estimated worth of $5bn for the construction and operation over the Dardanelles Strait of the world's longest suspension bridge.

The building of the 3.6-kilometre crossing, referred to as the Canakkale 1915, is expected to begin in March this year. The project will be carried out as a build-operate-transfer scheme.

The tender is set be held at 10:30 local time on January 26 and the winner will be announced later in the day, a source from the transport ministry told Reuters.

A Japanese business consortium that includes heavy machinery maker IHI and trading house Itochu will bid for the project, Japanese financial newspaper The Nikkei said, confirming earlier reports. To bolster their bid, IHI and Itochu are teaming up with Japan Expressway International, or Jexway, a joint venture of five Japanese highway operators, according to the daily.

Several foreign and local companies, including Hyundai, Italy’s Astaldi SpA and China’s Sichuan Road and Bridge Co., were expected to bid in the suspension bridge tender, Bloomberg reported on January 9.

 

 

 

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Turkey, Iraq, Qatar and UAE ink initial Development Road transit corridor agreement

Turkey, Iraq, Qatar and UAE have inked a preliminary agreement to cooperate on the Development Road project, which envisages the transit of goods received at an Iraqi commodities port facilty in ... more

Despite local elections defeat Erdogan “remains in control” at head of “super-executive regime”, says analyst

Despite his AKP party’s defeat in the weekend’s local elections, Turkish President ... more

Turkish footwear manufacturers step up investments in Uzbekistan’s leather and footwear industries

Turkish footwear manufacturers are stepping up their investments in Uzbekistan’s leather and footwear industries, according to local reports. A $1mn investment in the manufacture of leather, ... more

Follow Us On

Most Read

  1. Ukraine's birth rate plummets to 300-year low as country’s population collapses
    7 days ago
  2. EU finally boosts defence investment into arms production as Ukraine runs out of ammo
    1 month ago
  3. Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
    7 days ago
  4. Don't mention the "D" word - Ukraine
    5 days ago
  5. UBN: The US Needs to Wake Up
    5 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    25 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    30 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. BRICS announce a blockchain-based payment system to create a common currency
    28 days ago
  5. Saudi Arabia to scale back plans for Neom city
    15 days ago

Reports

Dismiss