Egis has been awarded a major Turkish highway deal

Egis has signed a contract for the operation and maintenance of the Gebze-İzmir highway in Turkey. The agreement was signed with OTOYOL, the concessionaire for the Turkish General Directorate of Highways (KGM). This is the second major contract award for Egis in Turkey, following the Eurasia Tunnel deal, for a 5.4km twin-deck tunnel under the Bosphorus. OTOYOL was selected by KGM as the private concessionaire for the project. OTOYOL itself is a firm established for the purpose of the Project by five Turkish
June 25, 2013 Read time: 2 mins
The completion of the Gebze-İzmir highway will help improve traffic flow and reduce peak time congestion in the busy port city
2643 Egis has signed a contract for the operation and maintenance of the Gebze-İzmir highway in Turkey. The agreement was signed with OTOYOL, the concessionaire for the Turkish General Directorate of Highways (3337 KGM). This is the second major contract award for Egis in Turkey, following the Eurasia Tunnel deal, for a 5.4km twin-deck tunnel under the Bosphorus.

OTOYOL was selected by KGM as the private concessionaire for the project. OTOYOL itself is a firm established for the purpose of the Project by five Turkish companies: 3338 Nurol İnşaat ve Ticaret; Özaltın İnşaat Ticaret ve Sanayi; 3340 Makyol İnşaat Sanayi Turizm ve Ticaret; 4149 Yüksel İnşaat; 3342 Göçay İnşaat Taahhüt ve Ticaret; and one Italian company, 1324 Astaldi. After a competitive bidding process, Egis was selected by OTOYOL as its operation partner.

The Gebze-İzmir Project is a tolled highway project procured by KGM under a build, operate and transfer (BOT) model. This is the largest BOT project in Turkey to date. It includes 420km of highway (2x3 lanes) between Gebze (on the North shore of İzmit Bay) and İzmir, as well as a 3km suspension bridge crossing İzmit bay, three tunnels with a total length of 6km and 20 toll stations. The project will be implemented in two phases. The first phase from Gebze to km 58 will include the 3km Izmit bay suspension bridge which is one of the longest suspension bridges in the world by the length of central span

For more information on companies in this article

Related Content

  • Private consortium to finance Melbourne's Peninsula Link highway
    July 13, 2012
    Not long after the recent completion of the successful EastLink project (a 39km motorway providing a vital connection for 1.5 million people in Melbourne, Australia) the Victorian Government has started work on another missing link in Melbourne's freeway network further south with the construction of Peninsula Link. Peninsula Link is a key project in the Victorian Government's AUD$38 billion (US$32 billion) Victorian Transport Plan. With a AUD$750 million (US$630 million) price tag, the project is expected
    Read More
  • Dragados among six in the running for fourth Panama bridge deal
    August 23, 2016
    All six consortia that submitted documents in May to design and build a fourth bridge over the Panama Canal have pre-qualified, according to media reports. The companies officially vying for the estimated US$1 billion contract are: • Dragados • Consorcio CCB: Constructora Norberto Odebrecht, Odebrecht Engenharia e Construcao International • Consorcio Hyundai, Sacyr JV • Consorcio Astaldi – Daelim • Consorcio Panamá Cuarto Puente: China Communications Contruction Company, China Harbour Engi
    Read More
  • Work planned for two major Indian highway projects
    September 30, 2015
    Two large highway projects in India are now moving forward following the award of contracts by the National Highways Authority of India (NHAI). The NHAI awarded a contract worth US$269.62 million to Hindustan Construction Co (HCC) for the construction of a highway in the local state of Jammu and Kashmir. The project is part of the second stage of the National Highways Development Project (NHDP) initiative by the NHAI for the NH 1A highway, and covers 36km including 3km of tunnels between Banihal and Ramban.
    Read More
  • Trevi Group posting strong results
    July 5, 2022
    Orders acquired by the Group in the first five months of 2022 amounted to €342.8 million.
    Read More

Highlighted Content