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BUSINESS > Istanbul road, bridge tender goes to three-member consortium

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Hurriyet photo

A consortium of Koç, Ülker and UEM won a tender today for the privatization of Istanbul’s highways and bridges for $5.72 billion, according to Anatolia news agency.
 
The starting bid for the tender was $3.37 billion.
 
The tender commission requested $5.72 billion following Koç-Ülker-UEM's joint offer; the move was finalized when the companies agreed to the request.
 
The tender is the second highest privatization tender in Turkish history following a Türk Telekom tender that totaled $6.55 billion.

December/17/2012

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Irşat Mehmetoğlu

12/17/2012 7:44:23 PM

For those who criticize the ruling party on how they run economy, they should leave their religious stereotypes and ask themselves frankly, objectively where was turkish economy 10 years ago and where is now? About the tender ..it is so damn simple, it is not religious or anything ..Koc (not religious at all) and Ulker offered more and they won!!

Tekion Particle

12/17/2012 6:30:04 PM

Scam is written all over this tendering process. Blue Dotterel, you have highlighted some very important points which have probably eluded the people who prepared the tender documents. I am pretty sure they hate you for it. Vargen Vargen, you have also highlighted a point which you will be hated for. What is a biscuit baker is doing in bridges and highways tendering. How dumb and ignorant do the AKP think people are? I am sure there will be some kind of up roar of discontent. No?

Vargen Vargen

12/17/2012 5:08:31 PM

I dont think anyone is suprised that Ulker got it. Ulker, which mainly makes chocolate, has the very important competence. Namely to be religious.

Blue Dotterel

12/17/2012 5:07:21 PM

And so what kind of service are these companies going to provide? Are they actually going to maintain these highways and bridges or just collect the tolls? Is there any governance mechanism to ensure they do maintain them? Is the taxpayer protected from malfeasance? The British Taxpayers have long contributed to the profits of British rail shareholders. I understand Erdogan's family is involved with one company. Maybe this is just another in a long line of capitalist scams where the public pays.
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