Turkey
Turkish privatisation program to start early 2008
Sep 17, 2007

Turkey’s privatisation of highways and bridges, expected to bring more foreign investment to Turkey, is due to be launched in early 2008 at the latest, an economy official told Reuters on Monday.

As part of a broad privatisation programme, Turkey plans to sell eight highways and two landmark bridges which cross the Bosphorus Strait in Istanbul. Roads, along with electricity grids, are the next major privatisations after a series of big-ticket items in the last few years.

The sale strategy for the highways and bridges was due to be completed within a month, the official said. It has not yet been decided whether the assets will be sold together or separately.

‘At the latest, we aim to have the tender announcement ready to put out at the start of the year,’ the official said.

Turkish bank TSKB is advising the Privatisation Administration on the deal, along with Mediobanca.  

Reuters