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.




Related Articles

Four Turkish companies reportedly consider IPOs in London or Istanbul

Turkey’s Enerjisa, Memorial Health Group, Tab Gida and Baskent Gaz are considering public offerings in London or Istanbul, unnamed sources told Bloomberg on July 19. Enerjisa, a 50:50 JV ... more

Turkey bars entry to thousands from more than 140 nations over suspected IS ties

Turkey has arrested and deported thousands of people suspected of having links to the Islamic State group according to a Turkish interior ministry report entitled “Turkey’s Fight ... more

Evolution Equity Partners closes $125mn cybersecurity-focused fund

Evolution Equity Partners announced on 17 July the final closing of a new fund with total capital commitments of $125mn to make investments in cybersecurity and next generation enterprise software ... more