Skip to main content

Turkey's new highway

Work on Turkey's Istanbul-Izmir highway is now in planning. The US$1 billion project will include a radical suspended bridge, said to be one of the longest of its type.
February 7, 2012 Read time: 1 min
Work on Turkey's Istanbul-Izmir highway is now in planning. The US$1 billion project will include a radical suspended bridge, said to be one of the longest of its type. A group of banks, 1469 Banca Infrastrutture Innovazione e Sviluppo (BIIS), the infrastructure investment unit of the 1473 Intesa Sanpaolo group, 1474 Citibank and Turkish bank 1476 Akbank are supporting the project. In Turkey BIIS has already funded the Gumusova-Gerede highway, which is worth $239.5 million.

For more information on companies in this article

Related Content

  • Poland bidders angry over Astaldi win for Warsaw Ring Road work
    June 18, 2015
    Four groups that made bids for building the southern section of the Warsaw Ring Road have filed complaints about how the national road authority GDDKiA chose Astaldi as the winner. Companies appealing to the National Board of Appeal (KIO) are Impresa Pizzarotti, Porr Polska, Salini Polska and IDS-BUD. The offer made by Italian company Astaldi was at least 25% less than the estimated €391 million cost of the project, according to Polish media reports. World Highways reported in February that Astaldi
  • Cables up for Romania’s Brăila Bridge
    June 16, 2021
    The Astaldi and IHI Infrastructure Systems joint venture reports that work will soon start on the road deck for Romania’s Brăila Bridge.
  • Golden opportunities in the MINT - Mexico, Indonesia, Nigeria, Turkey
    May 21, 2015
    Mexico, Indonesia, Nigeria, Turkey – Global Report offers up some food for thought about where smart money might be headed within the next several years – David Arminas writes China’s rate of growth may be slowing down, but other South East Asian companies are being quick to offer alternate investment opportunities, notably Indonesia. Nigeria, too, has had issues with security of investment. But there are signs that the government may be getting serious at last about tightening up rules and regulation
  • Turkey’s Bosporus bridge opening
    August 25, 2016
    Turkey’s Yavuz Sultan Selim Bridge over the Bosporus is having its official opening, which is being carried out by senior members of the country’s government including president Recep Erdoğan. The final sections of the deck structure were put into place in March 2016 and the project, which commenced in 2013, has been completed in record time. This is the third bridge to span the Bosporus at Turkey’s commercial centre, Istanbul and the new crossing will form part of the country’s North Marmara Highway pro