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Turkish highways and bridge €2.43 billion project financing secured

Staff Writer | June 8, 2018
The financing package that will pay for Turkey’s €2.43 billion Malkara to Çanakkale highway and 1915 Çanakkale Bridge has now been secured.
Transportation   The project will be handled under the PPP model
This follows on from Mott MacDonald completing its technical due diligence of the project documentation. The project will be handled under the PPP model. The centrepiece of the project is the €1.68 billion Çanakkale 1915 bridge.

This will be over 4.6km long, with a 2,023m main span that will be the longest in the world for a suspension bridge.

It will allow a clearance of 70m at its centre to allow shipping to pass underneath, with 318m high steel towers built on concrete caissons in the Çanakkale Strait.

As the bridge is located in a seismic zone, it has been designed to withstand large earthquakes and is also being built to cope with severe winds.

Other construction works include the 88km highway between Malkara and Çanakkale, 48km of connection roads, 35km of access roads, six junctions, four viaducts, 36 overpasses, 33 underpasses and 140 culverts, as well as four service areas and tolling facilities.

Mott MacDonald’s work included reviewing design, construction methodology, operation and maintenance proposals, as well as transaction documents, the project’s budget, construction programme and payment mechanism.

The consultancy will now provide construction and operations monitoring services in an ongoing role.