Two Turkish consortia on Tuesday won tenders to build sections of a 7-billion-lira ($2.36 billion) motorway project that will connect to a new bridge spanning Istanbul's Bosphorus Strait.
Limak Holding and Cengiz Holding, whic
Turkey is to revive plans to privatise two bridges across the Bosphorus Strait in Istanbul and some motorways and aims to start the process by the first quarter of 2015, banking and government sources said on Monday.
Turkey shut its Bosphorus Strait to northbound traffic on Thursday after a snowstorm reduced visibility in the major shipping channel, maritime officials said.
Four vessels were waiting south of Istanbul to pass through the strait
Sixty metres below the Bosphorus Strait, work is progressing at an unrelenting pace on Turkey’s most ambitious infrastructure project to date.
Dubbed the ‘project of the century’, once complete, the $2.5 billion undersea rail link will he