Key Turkish firms bag massive USD2.3b highway project

(MENAFN) Four Turkish consortiums won tenders on May-17 to build sections of an USD2.35 billion motorway project that will connect to a new bridge over Istanbul's Bosphorus Strait.

Limak Holding and Cengiz Holding, which both have interests in many fields from energy to construction, together won a tender to build the Asian section of the road project.

Accordingly, Kolin Construction and Kalyon Group won a second tender to construct the European section of the major road scheme, based on the latest reports.

Both sections were tendered under the build-operate-transfer model, plus all of the firms have recently won many tenders separately or together, including the 22bn euro third airport of Istanbul.