Istanbul’s Karakoy port tender in Q1 of 2011

bne – 30.11.2010

Turkey’s Finance Minister Mehmet Simsek has announced that a tender for the operating rights to a port regeneration project in Istanbul’s Karakoy neighborhood will be held in the first quarter of 2011.

The project embodies a cruise ship port, hotels and retail outlets and is expected to bring in a fortune of several billions of dollars to the Treasury’s purses. He further provided some details as to recent privatization deals, also underlining planned sales of government assets, particularly mentioning highways and bridges, which would be made through the transfer of operating rights for 25 years. bne.

via Balkans.com Business News : Turkey: Istanbul’s Karakoy port tender in Q1 of 2011.