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

Erdogan says he plans talks with lenders on cutting Turkish interest rates

Turkey's President Recep Tayyip Erdogan said on October 13 that he plans to hold talks with both public and private lenders on how to lower interest rates. He did not say, however, when those ... more

Turkey's Erdogan turns fire on US ambassador in diplomatic spat over arrest

Turkish President Recep Tayyip Erdogan has turned his fire on the US ambassador to Turkey for the ... more

Turkey-based Eurasian development bank ETDB signs memo to boost return to Iran

The Central Bank of Iran (CBI) and the Turkey-based ECO Trade and Development Bank (ETDB) have signed a memorandum on strengthening bilateral ties, the CBI said on October 10. ETDB is a Eurasian ... more

Dismiss