Istanbul road, bridge tender goes to three-member consortium
ISTANBUL
![Istanbul road, bridge tender goes to three-member consortium](http://image.hurimg.com/i/hurriyet/75/0x0/59c73a6445d2a027e83a9000.jpg)
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.