ME Roads & Railway Projects & Consortiums, Feb., 2011 Loay Ghazaleh

GCC Railway Network 2 Saudi Arabia High Speed Railway Project 2 Saudi Arabia Mass Rail Transit in Mecca 5 Abu Dhabi Mafraq - Ghweifat Highway PPP 6 UAE Union Railway 8 Qatar Doha Metro 11 Oman Railway Network 13 Kuwait Metro Rail Project 15 Kuwait Motorway Projects 17 Jordan Rail Project 18 Egypt Rod el-Farag Highway 19 Turkey Highways Privatization 21

ME Roads & Railway Projects & Consortiums

February, 2011

Loay Ghazaleh, Advisor – Ministry of Works, Bahrain

MBA 2000 (Thunderbird); B.Sc. Civil Eng 1986 (Texas A & M) 973 36 711547,

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Skype : Loay.Ghazaleh

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ME Roads & Railway Projects & Consortiums Page 2

GCC Railway Network September 9, 2010 Update – the project is feasible and economically justified According to authorities, a feasibility study of the GCC rail network extending from Kuwait to Muscat, connecting all six Gulf station, has found the initiative to be “feasible and economically justified”. The study has also concluded that a private concession for the Operation and Maintenance (O&M) of the GCC Railway is “financially viable”.

High Speed Railway Project – Saudi Arabia This high-speed railway is the first high speed rail program in the Middle East and is a 320 kph railway linking the cities of Makkah, Jeddah, the new King Abdullah Economic City and Medina, as well as the International Airport in Jeddah and will reduce the distance between Makkah and Jeddah to half an hour and between Jeddah and Madinah two hours. The contract would include construction of railway tracks, installation of signal system and telecommunications, the procurement of rolling stock and equipment, and maintenance for the entire infrastructure for a period of 12 years. July 5, 2010 Update - Two bidders compete for Saudi high speed railway project Saudi Railways Organization (SRO) has received the technical and financial offers of Phase 2 of Haramain High Speed Rail Project (HHR). SRO has announced that only two consortia, a French-Saudi group Al-Rajhi Alliance and Spanish-led Al-Shoula Consortium have submitted their technical and financial offers to Saudi Railways Organization. Three other groups, including a partnership of Saudi Binladin Group, Deutsche Bahn AG and Siemens AG, a Chinese consortium led by China South Locomotive & Rolling Stock and a group including South Korea’s Hyundai Engineering & Construction and Samsung Engineering did not bid for the project, the SRO said


President of SRO, Eng. Abdulaziz Mohammed Al-Hokail said that the experts from SRO, PIF, Scott Wilson, and Dar Al Handasah in a joint venture with Getinsa will verify the technical offers before opening the financial offers in accordance with the methodology and international standards to ensure transparency in the evaluation and to make sure that the consortium, that wins the contract, fulfils all the technical and operational requirements. The financial offers will be opened only after making sure that competing Consortium has fulfilled the technical requirements by at least 80 percent as mentioned in the request for proposals document (RFP) and in the Instructions to Tenderers (ITT). Consortia details: Consortium 1 - Consortium Name: Al-Shoula Group - Consortium Leader: Al-Shoula Group - Track & Systems: Copasa/Imathia/Cobra /OHL/Dimetronic/INABENSA/Indra - Rolling Stock: Talgo - Operator & Maintainer: Renfe/Adif/Consultrans/Imathia/Ineco - Saudi Consortium Member: Al-Shoula Group

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Consortium 2 - Consortium Name: Al-Rajhi Alliance - Consortium Leader: Al-Rajhi Holding Group Arrab Contracting - Track & Systems: Company/Alstom/Thales & Orascom - Rolling Stock: Alstom - Operator & Maintainer: SNCF/Al-Rajhi Holding Group/Alstom - Saudi Consortium Member: Al-Rajhi Holding Group/Arrab Contracting Company August 16TH

2011 UPDATE – THE Spanish consortium composed of Al-Shoula Group received the contract to design, build and operate a high speed rail line.


Mass Rail Transit in Mecca – Saudi Arabia August 16, 2011 Update - EOIs for Mass Rail Transit project in Mecca during 2011 Q4 AlBalad AlAmeen Company (BAC), the development arm of the Holy Makkah Municipality, is planning to invite expressions of interest for Makkah (also known as Mecca) Mass Rail Transit project (MMRT) in the last quarter of 2011. BAC has a team of advisors composed by Ernst and Young, Ashurst and Parsons Brinckerhoff. After submission of the EOIs, AlBalad AlAmeen Company (BAC) is planning a market sounding. AlBalad AlAmeen Company (BAC) is structuring the procurement packages for the Stage 1 system. This initial stage will include rail infrastructure, railway systems, rolling stock, depot and operations. The Makkah Mass Rail Transit Stage 1 expansion will complement the 18 km Al Mashaaer Al Mugaddassah line, opened in November 2010. Stage 1 will include the construction of sections of Lines "B" (10 km long and 6 stations) and "C" (29 km long and 14 stations) . The other two Lines, "A" and "D", will be constructed in future stages. Mecca is regarded as the holiest city in Islam. More than 13 million Muslims visit Mecca annually, including several million who perform the Hajj (pilgrimage). With a population of 1.7 million (2008), the city is located 73 km (45 mi) inland from Jeddah in a narrow valley at a height of 277 m (909 ft) above sea level.


Mafraq - Ghweifat Highway PPP in Abu Dhabi The Highway, which stretches 327 km from Mafraq to the border at Ghweifat, provides the only access to the Western Region, including the industrial centre of Ruwais and several important tourist destinations. The project is the first transport-related public private partnership (PPP) project to be undertaken in the GCC. It will see the highway widened to four lanes in each direction (three in the less-trafficked portions near Ghweifat) and upgraded to meet world's best standards in highway design, safety, communications and services to users. Once completed, the winning consortium will be responsible for maintaining and operating the upgraded highway while meeting stringent performance standards relating to safety, availability and quality for a period of 25 years. Payment to the Consortium will be via a series of equal payments spread over 25 years. These ongoing payments will be subject to deductions for failure to meet the prescribed performance standards and will ensure the consortium remains accountable for the operational performance of the road over the 25 year period. This PPP payment method differs significantly from the more traditional approach where the contractor is paid in full as construction is completed, and has little or no involvement or accountability for the operational performance of the road over the long term. August 3, 2010 Update - Preferred bidder for the Mafraq-Ghweifat highway PPP in Abu Dhabi expected by mid September The Department of Transport (DoT) in Abu Dhabi announced that it has received bids from three international consortia competing for the 25 year concession to upgrade, finance, operate and maintain the Mafraq - Ghweifat Highway

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CCCC-MTD consortium which consists of: 1- China Communications Construction Company (Lead) – China 2- MTD Capital Bhd – Malaysia 3- Ghantoot Transport – UAE


IRTIBAAT consortium which consists of: 1- Macquarie Capital group Limited (Lead) – Australia 2- Abu Dhabi Commercial Bank PJSC – UAE 3- Al Jabber Transport & General Contracting LLC – UAE 4- N.V. Besix SA – Belgium 5- Mouchel Middle East Limited – UAE 6- Transfield Services International Pty Ltd – Australia 7- Odebrecht – Brazil Mafraq Motorway Group (MMG) consortium which consists of: 1- Strabag Societas Europaea (Lead) – Austria 2- Joannou & Paraskevaides (Over Seas) Ltd – UK 3- J&P Avax S.A. – Greece 4- Saif Bin Darvish – UAE 5- Egis Projects SA – France December 21st 2010 Update - The Abu Dhabi Department of Transport (ADDOT) has recommended to award the $2.65 billion Mafraq-Ghweifat road PPP to the Strabag-led consortium, Mafraq Motorway Group, as it has been first-ranked bidder. June 5, 2011 Update Constructors warn Abu Dhabi of setbacks to big projects if Mafraq-Al Ghweifat Highway scrapped. The Abu Dhabi Department of Transport confirmed last week it was re-evaluating plans to use a public-private partnership (PPP) to build the 327km Mafraq-to-Al Ghweifat Highway to Saudi Arabia. The Dh10 billion (US$2.72bn) projects, which have been in development for three years, are considered a test case for using PPP on large-scale infrastructure projects.


UAE’s Union Railway September 15, 2010 Update - Advisor appointed for UAE's Union Railway Project UBS Investment Bank has been appointed as adviser on the development of a strategic financing plan for the construction and operation of the USD11bn Union Railway in the United Arab Emirates (UAE). The 1,500 kilometer transport and logistics network will connect the entire UAE as well as provide a link to the rest of the Gulf. Union Railway Company manages the development, construction and operation of the UAE’s national railway. The Union Railway covers a network of up to 1,500 km, stretching across all seven Emirates. The railway will connect the UAE to Saudi Arabia via Ghweifat city in the West and Oman via Al Ain in the East. October 2nd 2010, Update The first phase of the project will be a 270-kilometer freight rail line linking Abu Dhabi's Shah sour gas field to Ruwais on the Persian Gulf coast, to transport granulated sulfur for export. Union Railway will this week open prequalification documents for the main engineering, procurement and construction, or EPC, contract covering that route. The company hadn't yet decided whether the railway project would be carried out as a public-private partnership. November 28th

Parsons Brinckerhoff Inc and Systra won contracts for management and preliminary engineering consultancy work on the 40 billion-dirham ($11bn) project.

2010, Update

December 6, 2010 Update - Pre-qualifications submitted for Phase I of the UAE’s railway. The 1,500 kilometer transport and logistics network will connect the entire UAE as well as provide a link to the rest of the Gulf. The railway will connect the UAE to Saudi Arabia via Ghweifat city in the West and Oman via Al Ain in the East. Union Railway Company manages the development, construction and operation of the UAE’s national railway.


UBS Investment Bank is acting as adviser on the development of a strategic financing plan for the construction and operation of the USD11bn Union Railway in the United Arab Emirates (UAE). Parsons Brinckerhoff Inc and Systra won contracts for management and preliminary engineering consultancy work on the 40 billion-dirham ($11bn) project. Last week, Union Railway has received prequalification documents from contractors for the first two construction contracts on the Phase I of the UAE’s railway. The 2 contracts are an estimated AED 300 million ($82 million) enabling works and earth moving package and an estimated AED 2 billion ($545 million) civil and track works package. Companies submitted prequalification documents on November 22 for the civil and track works. The groups that submitted documents include: 1. Acciona (Spain) 2. Advanced Rail Group (local or Australia) 3. Al-Futtaim Carillion (local/UK) - Saif bin Darwish (local) 4. Al Geemi and Partners Contracting (local) Al-Arrab Contracting Company (Saudi Arabia) 5. Al Jabber Group (local) - China Railway Construction Corporation (China) 6. Arabtec Engineering Services (local) - Salini (Italy) 7. Astaldi (Italy) - Nurol (Turkey) - Al Meraikhi (local) 8. Cebarco (Bahrain) - WCT (Malaysia) 9. Consolidated Contractors Company (CCC) (Athens based) - OHL (Spain) 10. GS Engineering and Construction (South Korea) - Laing O’Rourke (UK) 11. Naboodah Contracting (local) 12. Fujita Corporation (Japan) - Sagar Infra Rail International (Siril) (India) 13. Hochtief (Germany) 14. Hyundai (South Korea) - Ghantoot (local) 15. Ircon International (India) - Tafseer Contracting (local)


16. Larsen and Toubro (India) - Balfour Beatty (UK) - Kier Construction (UK) 17. Obayashi Corporation (Japan) - Mitsubishi Corporation (Japan) 18. Orascom (Egypt) - Implenia (Spain) 19. Samsung (South Korea) - Impregilo (Italy) - Tristar (local) 20.Saudi Binladin Group (Saudi Arabia) 21. Strabag (Austria) - Joannou and Paraskevaides (Cyprus) - China Railway 22. Construction Corporation (China) 23. Tecnimont (Italy) - Saipem (Italy) - Ascon (local) - Dodsal (India) 24. Yepi Merkezi (Turkey) - Arabian Construction Company (ACC) (Local/Lebanon) - Aktor (Greece) Richard Bowker CEO of Union Railway said that the winning bidder will complete site preparation and site clearance work earthworks including cut and fill operations at the Liwa sand dunes, the construction of utilities, access roads and highway diversions and buildings including warehouses and facilities for railway operations and maintenance and track work which involves the supply and installation of ballast, sleepers, rails, switches and crossings The first phase of the project is a 270-kilometer freight rail line linking Abu Dhabi's Shah sour gas field to Ruwais on the Persian Gulf coast, to transport granulated sulfur for export. January 23rd

The winning bidders will be named by mid-2011, allowing construction work to get underway in the second half of this year.

, 2011 update - Union Railway announced it plans to call winning tenders in March, 2011

The next two phases of the project will see the establishment of a route linking Abu Dhabi and Dubai (Stage 1), and proposed network in the northern Emirates (Stage 2).


Doha Metro - Qatar June 27, 2011 Update - The Doha metro system will be tendered in 1-2 months Qatar winning the bid to host the FIFA 2022 World Cup will spur the country's infrastructure projects market development, estimated over US$ 100 billion, based on public-private partnerships (PPPs) model. One of the most important projects that are going to be developed in Qatar is Doha's metro system. The Big Project Me quotes Ghanim Hassan Ali Al Ibrahim, group director for projects at Qatar Railways Co., speaking about the future bid of the metro of Doha: Tenders for the first phase of the US $25 billion Doha Metro system are due to be launched in the next “one to two months”. He continues explaining how they have planned everything out so that construction is done by 2022. All contracts, split into 19 separate packages and worth at least $1 billion each, will be awarded sometime in 2012. Al Ibrahim says the final package must be awarded by the end of 2012 to allow enough time for construction; which is estimated to take eight years, with a further year scheduled for testing the completed system. The Doha metro website values the project at $3 billion, something very different from the 25$ billion. A public-private partnership (PPP) is being considered as a financing option, they say. The project is being managed by QRDC, a 51:49 joint venture of state-owned property development group Qatari Diar and Deutsche Bahn International. The metro is part of a $42.9 billion railway project initiated by the state, which also incorporates the national rail network, freight network and a proposed direct link via the Friendship Bridge to Bahrain, once completed. The projects are expected to create 7000 jobs.


July 31, 2011 Update - Expression of interest requested for Doha Metro Today, Eng. Saad Ahmed Al Muhannadi, Chief Executive Officer of the Qatar Railways Company announced the launch of the project: “This invitation is a major opportunity for local contracting companies to join in consortia with large international contractors to design and build six urgent construction packages that include 22 km of underground tunnels (and) 15 underground stations in the first stage,” Qatar Railways is inviting local and international players: Qatar Railways Company (QRail) extended an invitation to local, regional and international companies to submit an 'expression of interest' to participate in the design and construction of infrastructure and civil works in the Qatar Integrated Railways Project (QIRP) Doha Metro The announcement follows a couple of industry events that took place May and July and attracted more than 700 representatives from leading companies. Qatar winning the bid to host the FIFA 2022 World Cup will spur the country's infrastructure projects market development, estimated over US$ 100 billion.


Railway Network in Oman

September 9, 2010 Update - Consultants sought for railway network in Oman A joint venture team of experts representing Systra Consulting of France and the National Engineering Office (NEO) of the Sultanate has already completed a study of the design requirements for the National Railway project. More than 30 engineering consultants have already registered to prequalify for a contract to provide engineering design and supervision consultancy services for the project. The Supreme Committee for Town Planning (SCTP) is the lead agency responsible for the development and implementation of the country’s national rail transportation system. A similar number of firms have also sought to prequalify for a contract to provide project management services.

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Prequalification offers for either tender are currently under evaluation. A shortlist of prequalified bidders is likely to be announced within a month, it is learnt. One or more engineering consultants will be appointed to undertake the design of the different sections of the rail network, with an award expected to be announced early next year. Oman’s National Railway network will comprise a double track, standard-gauge (1,435mm) system with provision made for the introduction of high-speed trains, with speeds of up to 350 kilometers per hour (kph), in the future. Initially, however, passenger trains will be operated at speeds of 200 kph, while freight trains will run at speeds ranging from 80 to 120 kph. The rail system will form part of a planned Gulf Cooperation Council (GCC) rail network connecting Oman with the UAE and other Gulf countries.


Kuwait PPP Metro Rail Project August 10, 2010 Update - Advisors chosen for Kuwait PPP metro rail project. Ernst & Young, Ashurst and Atkins A UK team will evaluate the feasibility studies and the design of the $7bn metro. UK-based team led by Ernst & Young has won the advisory deal for the $7bn Kuwait metro project. The group also includes Atkins as technical adviser and Ashurst as legal adviser. The group is expected to sign the contract once the state’s Audit Bureau gives its approval. The client, the Partnerships Technical Bureau (PTB) received proposals from consultants on 27 May for the advisory deal. In November 2009, the PTB drew up a shortlist from an original list of 45 consultants, which expressed interest in the metro advisory contract. Ernst & Young will now act as the transaction adviser, helping the PTB structure, procure and negotiate the deal. This includes validating previous feasibility studies, carrying out due diligence on the project and overseeing the tender process. The group will also evaluate the design of the metro, which was carried out by Kuwait Overland Transport Union and Kuwait Municipality. Kuwait Metro details The Kuwait Metro Rail Project is operated under the direction of Kuwait's Ministry of Communications and Spanish training company Ingenieria y Consultoria de Transporte (Ineco), which provided a master plan for the system. The Kuwait Metro Rail Project is a 171km-long inner city transport running across Kuwait City. It is the first metro rail project and the second private-public partnership project launched by the Government of Kuwait since 2009. The Kuwait Metro Rail Project was created to help ease the country's traffic congestion problems. Although Kuwait has a well-maintained, modern and extensive road network, it lacks a railway system, which has resulted in an increase in fatal accidents. There has been an increase in the number of vehicles due to cheap petrol prices. The number of expatriates in the country has grown, which has contributed to the city's traffic problems. According to 2007 estimates, Kuwait had a population of


around 3.5 million, of which two million are non-nationals. The state has a migration rate of 16.01, which is the third highest in the world. Vehicles speeding at 120km per hour, lax enforcement of traffic regulation and high density traffic (one vehicle per person) have also lead to frequent and fatal accidents on Kuwaiti roads.

Lines and routes: - Line 1 is 23.7km long and will connect Kuwait's southern metropolitan area with the centre of the city and the main university. This line will feature 19 stations. In the future this line will be extended by 57.3km. - Line 2 will be 21km long, connecting the main business district with the residential areas of Salmiya and Hawally, and will feature 27 stations. There are plans for this line to be extended by 16.4km. - Line 3 will be 24km long and will have 15 stations. - Line 4 will be 22.7km long and will connect the city centre with Kuwait International Airport. It will feature 15 stations including a few at residential areas and the Shuwaikh Industrial Zone. A private developer will design, build, finance, operate and maintain the metro network. The developer will own 40 per cent of the project company, the government will own 10 per cent and the state will sell the remaining 50 per cent in an initial public offering (IPO). November 7th

Ernst & Young has announced the start of its transaction advisory work on the landmark Kuwait Metro project

, 2010 Update

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Kuwait Motorway Projects 01 September 2011 Update - Kuwait to spend KD1.7bn ($6bn) on building 550km of motorway projects Kuwait's Ministry of Public Works, which is now designing the motorways, will launch the tenders for their construction over the next three and a half years, according to Bloomberg. In October 2010, Kuwait awarded a contract to a group led by Hyundai Engineering & Construction to design, build, operate and maintain the Jabber Al-Ahmad Bridge at a cost of KD738.8m.


Jordan PPP Rail Project September 6, 2010 Update - Feasibility report by BNP Paribas ready Following the completion of a feasibility study by BNP Paribas, Minister of Transport Alaa Batayneh hopes to call tenders this year for development of three routes totaling 1080 km under a PPP concession. The government began land acquisition last year, and construction is expected to begin in 2011 with the first lines opening in 2014-15. There are high hopes that Jordan will be an important connection point between several Middle east countries: The ministry's long-term aim is for Jordan to become a transit point on a rail corridor between Europe, the Middle East and the Gulf. Expected to cost 2·4bn dinars, the new network would join existing lines in Iraq and Syria and the North-South Railway in Saudi Arabia, providing connections to the proposed lines linking the Gulf Co-operation Council countries. The PPP model to structure the project would be Build-Transfer-Operate (BTO).The project would be funded by a state-owned company, which could borrow money more cheaply than the private sector. The private partner would build the network and then hand it over to the government, but would continue to operate the railway and pay fees to use the infrastructure. Traffic is expected to include oil and minerals from Saudi Arabia and cement from Jordan to Iraq. According to the consultants, annual revenues would grow from 229m dinars in 2015 to 365m in 2030 and over 1·4bn in 2050. Batayneh says passenger services are 'not feasible at this stage' but may become an option in the future - the North-South Railway project includes proposals for a Riyadh - Amman train. The project would be divided in 3 separate stages: First stage - According to the ministry, the first line would replace the near-moribund 1050 mm gauge Hedjaz Jordan Railway between the Syrian border and Zarqa and connect to the Saudi border. Second stage - The second stage would add lines to Aqaba on the Red Sea, replacing the current narrow-gauge phosphate line, and from Mafraq to Irbid. Third stage - The third segment would run east to the Iraqi border, but no timescale has been set for this. Batayneh says the Iraqi government's current priority is to restore its existing railway and establish a link with Iran.


Rod el-Farag Highway in Egypt August 10, 2010 Update - Six international consortia competing for the Rod El Farag PPP highway in Egypt There are six 6 consortia competing for the implementation of Rod El-Farag's highway. The Rod El Farag Highway Project is one of the key PPP Pilot Projects whereby the MHUUD (The Ministry of Housing, Utilities and Urban development) with the Ministry of Transport and by the technical assistance of the PPP Central Unit invited the private sector participation through a competitive bidding process to enter into PPPs for the construction, operation and maintenance of Rod El Farag Access road. The project will connect the existing ring road around Cairo with Cairo - Alexandria highway with total length of 34 km. The local source states the following: (I have included the companies that appear in the Qualification document) Minister of Housing, Utilities and Urban Development Ahmed El-Maghrabi said that 6 Egyptian-global alliances of leading construction companies applied for the financing and implementation of the highway of Rod El Farag, pointing out that there are international companies from Austria (Strabag AG Infrastructure Development and Porr Solutions), France (Egis Projects), Malaysia (Projek Lintasan Kota Holdings SDN BHD and Prolinatas), Portugal (Soares da Costa Concessões and Banco Efisa- a subsidiary of BPN - Banco Portugues De Negocios), China, Korea (Samsung C&T Corporation) and Greece (GEK TERNA S.A.), in addition to large companies Egyptian Contracting. The Invitation for Prequalification was issued on April 13th, 2010 and deadline for submission of the PPP road tender was postponed to August 1st , 2010. On the website of the Egyptian PPP Unit we can find a list with all the companies that have requested qualification for this PPP road tender. In this document we are missing Chinese developers and we also can see how there would be two Spanish developers immerse in the tender (Acciona and OHL).


El-Maghrabi said the ministry will start the evaluation of the documents submitted by each company and then announcing the short list of companies accepted within 15 days, after that comes the distribution of the bidding document, pointing out that this project is one of the major development projects, implemented by the Ministry of Housing to develop western entrances of Greater Cairo, solving traffic problems on the roads. February 2, 2011 Update - New dates for the Rod el Farag highway tender There are new dates for the Rod el Farag highway tender. The Invitation for Prequalification for the project was issued on April 13th, 2010 and deadline for submission of the PPP road tender was postponed to August 1st , 2010. Five consortia have entered the bidding process according to World Highways: • Orascom has teamed up with French firm Egis and Belgian-based Besix • Austrian contractor Strabag is in partnership with local firm International Group for Investment and EFG Hermes • The Greek contractor Gek Terna has teamed up with Austrian company Porr Solutions and local firm Hassam Allam • China Communication and Portuguese Soares da Costa • South Korean contractor GS Engineering The five prequalified consortiums are asked to submit their bids by August 2011. The preferred bidder will be chosen in late 2011. This is a very important project for Egypt, probably the first PPP project in transportation.


Highways Privatization in Turkey The Turkish government is planning to invest $350bn in the transportation and communications sectors by 2023, according to balkans.com. $6.5-Billion Mega Highway Project - September 27, 2010. The Turkish government signed a build-operate-transfer deal with a consortium of six construction companies to carry out country's largest-ever highway project which will link Turkey's largest city Istanbul to third-largest city of Izmir. The highway will reduce travel time between Istanbul and Izmir from 6 hours 30 minutes to about 3 hours.

Under this $6.5-billion mega project, world's second-longest suspension bridge will be built over the Gulf of Izmit. The bridge will have a length of 3,000 meters. Government plans to break ground for the project in two months. It will create at least 10,000 jobs and be completed in seven years, Turkey's Transportation Minister Binali Yildirim told the signing ceremony in Ankara. The consortium - consisting of Turkish construction firms Nurol, Ozaltin, Makyol, Yuksel, Gokcay and Italy-based Astaldi-- will transfer the highway after 22 years and 4 months, including construction time. "The project is the largest to be carried out at one time under build-operate-transfer model in Turkey's history," Yildirim said. "According to our calculations, the project will lead to a time and fuel savings of $870 million a year, which is a presumptive return on investment in 10 or 11 years," Yildirim added. The consortium led by Astaldi was awarded the construction of a highway linking Istanbul and Izmir ($6.5 billion).

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24 highway projects (BOT) - November 27, 2010 This week, we learned the Turkish General Directorate of Highways (KGM) is preparing to carry out 24 highway projects across Turkey by making use of the build-operate-transfer (BOT) model. According to an Anatolia news agency correspondent, the total length of highways that will be built using the BOT model will be 9,380 kilometers. It is estimated that the projected will cost around $83 billion, including the nationalization of some properties near the planned highway Below are the projects expected to be constructed through BOT model: 1-Gebze-Orhangazi-Izmir motorway (421 kilometers), 2-Kuzey Marmara motorway (414 kilometers), 3-Ankara-Nigde motorway (342 kilometers), 4-Ankara-Samsun motorway a-Ankara-Kırıkkale Delice section (112 kilometers), b-Delice-Samsun section (320 kilometers) 5-Aydın-Denizli-Burdur motorway a-Aydın-Denizli section (175 kilometers), b-Denizli-Burdur section (155 kilometers), 6-Kınalı-Tekirdag-Canakkale-Balıkesir motorway (370 kilometers), 7-Sabuncubeli Tuneli (4 kilometers), 8-Ankara-Izmir motorway (535 kilometers), 9-Afyonkarahisar-Antalya-Alanya motorway (490 kilometers), 10-Sivrihisar-Bursa motorway (202 kilometers), 11-Sanlıurfa-Habur Motorway including Diyarbakır linking road (445 kilometers),


12-Gerede-Merzifon-Gurbulak motorway a-Gerede-Merzifon section (357 kilometers), b-Merzifon-Gurbulak section (908 kilometers), 13-Bozuyuk-Afyonkarahisar motorway (85 kilometers), 14-Afyonkarahisar-Nigde motorway (425 kilometers), 15-Duzce-Zonguldak motorway (90 kilometers), 16-Alanya-Mersin motorway (250 kilometers), 17-Delice-Sivas-Refahiye motorway (540 kilometers), 18-Nevşehir-Diyarbakır motorway (650 kilometers), 19-Diyarbakır-Gurbulak motorway (460 kilometers), 20-Sivas-Malatya motorway (230 kilometers), 21-Trabzon-Malatya motorway (540 kilometers), 22-Sanlıurfa-Akçakale motorway (50 kilometers), 23-Rize-Diyarbakır motorway (560 kilometers), 24-Pasinler-Turkgozu motorway (250 kilometers) 9 Highways & 2 Bridge Privatizations - 01 Sep. 2011 The Privatization Administration (OIB) of Turkey is planning to privatize nine highways and two bridge projects, which include Bosporus Bridge and Fatih Sultan Mehmet Bridge. OIB is planning to award long-term concession to private investors for 25 years. The minimum bid bond for the concession has been fixed at $200m as the OIB is looking for local and foreign investors to bid for the concession. The Turkish Privatization Administration is looking for local and foreign investors as well as held talks with 15 foreign investors regarding the concession. The foreign investors who are expected to participate in the bid include Italian Atlantia, Egis Projects as well as Spanish Abertis and Portuguese Brisa.

Documents

ME Roads & Railway Projects & Consortiums, Feb., 2011 Loay Ghazaleh