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

  • Strasbourg motorway beltway project scrapped
    June 8, 2012
    The proposed US$943million (€750mn) Strasbourg motorway beltway has been scrapped due to concerns over its need, cost and potential environmental impact. The project, which had been fiercely criticised by Strasbourg’s socialist and green party elected officials, has been added to the list of four other projects that are on hold or buried for the same reasons: the Lyon motorway beltway (estimated at €1.5bn to €2bn ten years ago); the Bordeaux toll road (€1.7bn); the Genoble beltway (€687mn); and the Marseill
    Read More
  • THIS is a Paving Project– The I-15 CORE
    December 20, 2012
    Provo, Utah – The scope of the I-15 Corridor Expansion Project (I-15 CORE) in the state of Utah is nearly unprecedented because of the size of the project and the short completion deadline. Twenty-four miles (38.6 km) of removal and replacement of Interstate 15 between Lehi and Spanish Fork, widening the number of traveling lanes by two, for up to six lanes in each direction in 35 months. The new 364 lane miles (586 km) of concrete roadway will be slipformed 12 or 12.5 inches (305 or 318 mm) thick for a tot
    Read More
  • Challenging viaduct construction
    March 2, 2012
    TRAFFIC VOLUMES on Gran Canaria, the third largest of the Canary Islands, have been swelling rapidly in recent years, not least because of the boom in tourism. Among the routes most affected is the 32km long northern motorway GC-2 between Las Palmas and Agaëte, which has reached the limits of its capacity.
    Read More
  • Tender process underway for Polish road projects
    August 18, 2014
    The tender process is underway for two major projects in Poland. One project involves constructing three sections of the new southern ring road around Polish capital Warsaw. Building the 18.5km stretch that comprises the three sections is expected to cost in the region of €1.6 billion. The Polish General Directorate for National Roads and Motorways (GDDKiA) says that bids have to be submitted by 10th October 2014. The A section will be some 4.6km long, the B section 6.45km long, whilst the C section will be
    Read More

Highlighted Content