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

  • Highway Procurement: IRF Steps up to the plate to leverage long term value
    May 15, 2019
    Public procurement can be leveraged to deliver long-term value for money, and promote innovation and sustainability, according to a new White Paper published by the International Road Federation in consultation with key international specialists. “When procurement guidelines are not enforced with a high degree of professionalism, there is a much higher risk of sub-optimal delivery,” noted Eric Cook, co-chair of the IRF Committee on Alternative Financing & Procurement, who convened the stakeholders for a h
  • CECE-CEMA hands 10-point action manifesto to Euro leaders
    October 17, 2013
    The presidents of the CECE and CEMA have handed the European Parliament a 10-point manifesto for securing strong industrial production across Europe. Doing this, the European construction equipment and agricultural machinery industries underlined that they are committed to playing an active role in reaching the target of the European Commission to raise the share of industry in Europe from 16% GDP to at least 20% by 2020. Both industries maintain important production facilities and R&D sites in Europe.
  • Growth coming for Asian construction market
    September 4, 2018
    A new report produced by research specialist GlobalData predicts continued growth for Asia’s construction market. According to the report, construction in the ASEAN region will grow by over 6% annually over next five years. The report has been published to coincide with the INTERMAT ASEAN 2018 and Concrete Asia 2018 trade shows for construction, infrastructure and concrete sectors. The data suggests that construction output in the member states of the Association of South-East Asian Nations (ASEAN) would ex
  • Highly relevant: Denmark’s asset management for bridges
    July 12, 2019
    A well-maintained road bridge network is vital to Denmark’s economy. David Arminas caught up with Niels Pedersen, head of bridges at the Danish Road Directorate Denmark, being a country mainly of islands, relies on its bridges and tunnels to help unify the nation culturally. It also means that they are vastly more important to the economic well-being of the nation than in most other states. The World Bank has classified Denmark as a high-income economy. In 2017 it ranked 16th globally in terms of gros