Erdoğan Authorizes 30-Year Privatization of Bosporus Bridges, Highways - Turkish Minute
31 Articles
31 Articles
A decision has been made to privatize many highways, including the 15 July Martyrs Bridge and the Fatih Sultan Mehmet Bridge across the Bosphorus in Istanbul. The decision, signed by AKP President Recep Tayyip Erdoğan, was published in the Official Gazette.
With a Presidential Decree published in the Official Gazette, 2 Bosphorus bridges, 8 highways, and 2 ring roads have been included in the privatization program. The transfer process, covering a 30-year operating period, is targeted to be completed by 2031.
Erdoğan authorizes 30-year privatization of Bosporus bridges, highways - Turkish Minute
President Recep Tayyip Erdoğan has authorized a 30-year privatization plan for İstanbul’s two state-run Bosporus bridges, eight highways and two beltways, clearing the way to shift their operation and toll revenue to private companies while ownership remains with the state. The decree, published in the Official Gazette on Saturday, allows the assets to be privatized […]
The Privatization Administration provided information about the process, objectives, and public impacts related to the highways and bridges included in the privatization program. 🚆
According to a Presidential Decree published in the Official Gazette, 2 Bosphorus bridges, 8 highways, and 2 ring roads under the responsibility of the General Directorate of Highways (KGM) have been included in the privatization program for a period of 30 years.
The Privatization Administration, in a statement regarding allegations that bridges and highways were being sold, explained that the studies were focused on evaluating a model based on transferring the operating rights for a specific period while keeping ownership under state control.
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