The much anticipated tender for the Kınalı-Savaştepe Motorway Project’s Malkara-Çanakkale section – including the 1915 Çanakkale Bridge Project – has been announced by the Highways Department (“KGM“). Pursuant to the announcement published in the Official Gazette on October 26, 2016, bidders can submit their bids between January 19-26, 2017.
Key takeaways of the tender process are as follows:
The number of PPP projects has soared in the past few years. Over the last two decades, PPP models have been increasingly used across sectors, including energy, transportation and healthcare. The following precedent highway projects have been successfully tendered, implemented, financed and either have recently become or will soon become operational: (i) the Osman Gazi Bridge Project – as a part of Gebze-Orhangazi-İzmir Motorway (Otoyol 5) – which became operational on June 30, 2016; (iii) the Yavuz Sultan Selim Bridge which became operational on August 26, 2016; and (ii) the Eurasia Tunnel Project which is expected to become operational on December 20, 2016.
Turkey is about to add another mega project to its portfolio of infrastructure investments. Interested bidders should follow KGM’s announcements and any impending developments regarding the project closely in order to ensure a smooth and successful tender and implementation process.
Please contact us if you have questions about the tender process.