Izmir, Turkey motorway project set to be delayed by at least 18 months

The construction of the Istanbul-Izmir motorway in Turkey is set to be delayed by at least 18 months due to insufficient funds being in place to complete the major new highway. Turkey's Transport and Communication Minister Binali Yildirim has warned the Nurol-Özaltn-Makyol-Astaldi-Yüksel-Göçay joint venture, who are responsible for the construction of the motorway, that it will be in breach of the project’s contract, signed in October 2010, imposing a strict completion deadline of five-and-a-half years.
December 20, 2012 Read time: 1 min
The construction of the Istanbul-Izmir motorway in Turkey is set to be delayed by at least 18 months due to insufficient funds being in place to complete the major new highway.

Turkey's Transport and Communication Minister Binali Yildirim has warned the 3338 Nurol-Özaltin-3340 Makyol-1324 Astaldi-4149 Yüksel-3342 Göçay joint venture, who are responsible for the construction of the motorway, that it will be in breach of the project’s contract, signed in October 2010, imposing a strict completion deadline of five-and-a-half years.

So far, US$500 million (€382.34mn) has been spent from the equity capital for the Istanbul-Izmir motorway works.

For more information on companies in this article

Related Content

  • Key Colombia tunnel projects delayed
    September 21, 2018
    Construction work on Colombia’s two key tunnel projects is being delayed, with insufficient funding proving a major challenge. Both the Toyo Tunnel and La Linea Tunnel projects are behind schedule. In addition, the project to construct the Pumajero Bridge is also being delayed due to a lack of funds.Part of the problems is that the designs for these projects have been revised as construction work has progressed. However the additional funds to pay for the new design features added have not been fully
    Read More
  • Danube bridge takes shape
    February 10, 2012
    A new bridge over the River Danube between Bulgaria and Romania is expected to benefit to the economies of both nations. Krasimir Krastanov reports
    Read More
  • UGL wins Australia’s NorthConnex M&E services contract
    September 7, 2015
    Engineering services provider UGL has signed a four-year deal with the Lend Lease Bouygues joint venture that is building the NorthConnex motorway in Sydney, Australia. The US$329 million contract is for the design, procurement, construction and commissioning of the electrical, mechanical, communication, fire and control systems needed for the project’s 9km twinned tolled tunnel. UGL provides outsourced engineering, asset management and maintenance services to rail, transport, power, resources, water an
    Read More
  • Romanian road revamp
    April 30, 2012
    Romania's long planned highway expansion programme is finally gathering pace. Funding for the projects has been provided but although many feasibility studies had been carried out, little work had been carried out until now.
    Read More

Highlighted Content