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

Turkey to refuse extradition of all suspects to US unless Washington hands over Gulen says Erdogan

Turkey will not extradite any terror suspects to the US if Washington continues to refuse to hand over Fethullah Gulen, President Recep Tayyip Erdogan said on January 11. Ankara blames the ... more

Record decline in Turkish central bank’s gross forex reserves pushes holdings to $89.9bn

The Turkish central bank reported on December 7 that its gross forex reserves last week experienced a record drop, declining to $89.85bn on December 1 from $96.35bn a week earlier. ... more

EU governments reportedly agree to cut Turkey’s pre-accession funds

EU governments have agreed with the European Parliament to withdraw €105mn that would have gone to help finance political ... more