Skip to main content

Plans moving forward for Major Turkish tunnel project

Plans are moving forward in Turkey for the construction of a new tunnel project. This new link will run under the busy Bosporus waterway and will connect Kucuksu on the Anatolian side and Gayrettepe on the European side. Approval for the work has been given by the Istanbul Municipality Council. And the timeline for the project calls for the route to be ready for use in five years time In all the route will pass through 12 districts, so some further approvals will be necessary however. The route will feature
March 16, 2015 Read time: 1 min
Plans are moving forward in Turkey for the construction of a new tunnel project. This new link will run under the busy Bosporus waterway and will connect Kucuksu on the Anatolian side and Gayrettepe on the European side. Approval for the work has been given by the Istanbul Municipality Council. And the timeline for the project calls for the route to be ready for use in five years time In all the route will pass through 12 districts, so some further approvals will be necessary however. The route will feature three decks, with two carrying cars and a third for a rail link. The rail portion of the tunnel will be 31.5km long, while the triple deck stretch will measure 16.5km long and the project is expected to cost some US$3.5 billion to build.

Related Content

  • A new tunnel project for Turkey is a significant move
    December 12, 2012
    The European Bank for Reconstruction and Development (EBRD) is supplying a finance package worth US$150 million for the new Bosphorus crossing project in Turkey. Running under the Bosphorus at Istanbul, the new tunnel will connect both European and Asian sides of the city. The EBRD’s $150 million loan completes $1.4 billion worth of financing required for the Eurasia Tunnel project, being built under the Bosphorus straits. Other components of the $1.4 billion financing package for this PPP project include a
  • Building a major Turkish highway project
    August 15, 2018
    The North Marmara Motorway Project in Turkey has been a major focus for project financing, as well as for novel technical solutions for its construction. This mega infrastructure project is intended to boost transport connectivity between the European and Asian sides of Turkey International law firm Winston & Strawn LLP has advised on major project financing for two sections of the highway. The structure for implementation of the Project is based on the build-operate-transfer (BOT) concession model. The
  • Cost increases for major Chilean highway project
    November 15, 2013
    The cost of Chile’s Vespucio Oriente highway project is increasing, while its completion also looks set to be delayed. A 13% budget increase is now required due to additional costs from a number of factors such as urban landscaping, according to Business News Americas. The Américo Vespucio Oriente (AVO) expressway is being built in Chilean capital Santiago and was originally expected to cost in the region of US$940 million. However Chile’s Public Works Ministry, MOP, has said that the route will now cost so
  • Plans moving forward for key Turkish highway
    October 11, 2013
    Plans are moving forward in Turkey for the construction of a new highway project. Mott MacDonald has been named lenders’ technical advisor by the IC Ictas-Astaldi (ICA) consortium for a 60km section of the Northern Marmara highway. This deal is significant and the stretch forms the first of a number of phases of the highway. The project is being delivered under a 10 year, US$2.5 billion public-private partnership (PPP).