Skip to main content

IRF Regional Conference, Istanbul: Turkish economy surges ahead

IRF Regional Congress to be held against backdrop of ramped up highway investment Turkey has long enjoyed a privileged geographic position at the crossroads of Europe, Central Asia and the Middle East. Buoyed by a vibrant economy (4.5% average GDP growth between 2002 and 2012), Turkey has embarked on an unprecedented effort to develop and modernise its transport infrastructure by 2023, marking the centennial of the foundation of the modern Turkish Republic. This plan, which seeks to propel Turkey as
April 13, 2015 Read time: 3 mins
The Gebze-Orhangazi-İzmir highway is one the biggest build operate transfer projects in the world
IRF Regional Congress to be held against backdrop of ramped up highway investment

Turkey has long enjoyed a privileged geographic position at the crossroads of Europe, Central Asia and the Middle East. Buoyed by a vibrant economy (4.5% average GDP growth between 2002 and 2012), Turkey has embarked on an unprecedented effort to develop and modernise its transport infrastructure by 2023, marking the centennial of the foundation of the modern Turkish Republic.

This plan, which seeks to propel Turkey as the world’s 10th largest economy, sets an ambitious highway construction agenda with 36,000km of dual carriageway roads and another 7,800km of BOT motorways serving the needs of an estimated 378 billion passenger km. In parallel, a nationwide integrated traffic management & traveller information system relying on 17 regional centres and 7,500km of fibre optic cable is scheduled for completion by 2023.

1st IRF Europe & Central Asia Regional Congress

September 15–18, 2015
Grand Wyndham Hotel, Istanbul


Limited exhibition & sponsorship opportunities:

• Raise your profile and strengthen your brand awareness
• Position your brand as a market leader in a dynamic region
• Differentiate your brand from competitors
• Maximise exposure of your brand to the media and visitors
• Generate leads with exclusive access to a targeted audience
• Present your innovations at Applied Knowledge sessions
• Make your mark at a milestone event
with influential professionals from all road industry disciplines
Early results, as measured by the 3019 World Economic Forum’s Global Competitiveness Index, are encouraging. In 2014, the country as a whole ranked 33rd for the quality of its overall infrastructure. Highway infrastructure investments as a percentage of GDP increased from 0.4% to 1.2% in 2012. This in turn has translated into significant new markets for road equipment: Turkey’s current needs are estimated at 2,000 km of safety barrier and 142,000m2 of vertical signing every year for its national highway network alone.

Some of Turkey’s anchor investment projects are also setting new standards such as the Mount Ovit Tunnel (14,700m) set to be the longest in Europe, or the 384km Gebze-Orhangazi-zmir highway, one the biggest build operate pransfer projects in the world (pictured), valued at US$6.3 billion. Once completed, travel time from Istanbul to zmir will be cut by half to just 4 hours.

With a strong economic outlook and a long-term vision for the sector, Turkey has become an extremely promising market for investors and suppliers. Efforts underway to modernise the country’s legislative framework for PPPs will further strengthen the attractiveness of Turkey’s active portfolio of investment operations.


Organised by 3918 IRF Washington.



For more information on companies in this article

Related Content

  • Case demonstrates machines in Tunisia
    February 13, 2017
    CASE Construction Equipment recently carried out a major demonstration event for its construction machines in Tunisia. The event focused on the firm’s road building equipment, highlighting how the units perform, even in extreme conditions The planned large-scale projects for the development of Tunisia’s road infrastructure will require highly productive and reliable equipment to meet the country’s objectives. CASE is keen to develop a share of this market, running the event in a bid to grow its marke
  • Innovations in micro-vehicles will help boost mobility
    April 4, 2012
    Global congestion presents a serious barrier to economic growth. Some estimates suggest this costs the world economy close to US$1 trillion in lost revenue. However key economies including Europe, North America, Japan and China are amongst those preparing for green commuting. Some 16 of the key Automotive OEMs are working on more than 110 short distance vehicles, with approximately 50 models being already production ready. The remaining 60 are in concept stage, but expected to become production ready by 202
  • IRF Manifesto on Climate Change Adaptation released at COP22
    January 30, 2017
    Released in Morocco during COP22 negotiations, the document has generated enthusiasm in the sector and gained the support of partner organisations beside the endorsement from IRF Geneva membership around the world Under the leadership of the Moroccan Government, adaptation and action on adaptation has gained centre stage at COP22 hosted in Marrakech from 8 to 18 November 2016. As climate change and the threats its poses become increasingly apparent, it is also becoming clear that the transport sector is
  • European Construction Industry Federation, FIEC, concerned about market
    June 16, 2014
    According to the European Construction Industry Federation, FIEC, there is light at the end of the tunnel in terms of market activity. The FIEC estimates a decline of 2.3% in overall EU construction activity in 2013 but forecasts stabilisation of in 2014 with market gains of 0.1% expected overall. “There can be no growth without investment!” warned FIEC vice president Jacques Huillard, responsible for economic issues. He presented FIEC’s annual statistics prior to the FIEC’s Congress. “The policy of austeri