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Gebze-Orhangazi-İzmir Highway Including Izmit Bay Passage & Connection Roads New Terminal Project of Milas –

ASTALDI’s first experience in Turkey dates back to 1987 with the construction of the Anatolian Motorway and since then it has proudly become one of the major players in Turkey for infrastructural works. Astaldi is the only foreign company member of the Turkish Contractors Association.

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Gebze-Orhangazi-İzmir Highway Including Izmit Bay Passage & Connection Roads New Terminal Project of Milas –

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  1. ASTALDI’s first experience in Turkey dates back to 1987 with the construction of the Anatolian Motorway and since then it has proudly become one of the major players in Turkey for infrastructural works. Astaldi is the only foreign company member of the Turkish Contractors Association. Over the coming years, the Group will focus major attention on the planned infrastructural investments in the healthcare and transport sectors, to be performed using the general contractor and PPP formulae.
  2. PROJECTS UNDER BOT : Gebze-Orhangazi-İzmir Highway Including Izmit Bay Passage & Connection Roads New Terminal Project of Milas – Bodrum Airport Ankara EtlikHealthCampusProject
  3. TURKISH REPUBLIC MINISTRY OF TRANSPORT MARITIME AND COMMUNICATION GENERAL DIRECTORATE OF HIGHWAYS GEBZE-ORHANGAZI-IZMIR HIGHWAY CONSTRUCTION OPERATION & TRANSFER (BOT PROJECT) AWARDED TO: OTOYOL A.Ş Motorway Investment and Operation Inc. Nurol, Özaltın, Mak-yol, Astaldi, Yüksel, Göçay BOT TENDER DATE: 09/04/2009 BOT CONTRACT DATE: 27/09/2010 CONTRACTUAL VALUE: 10.051.882.674 TL (4.188.284.447 €) CONTRACT TERM: 22 YEAR & 4 MONTHS - CONSTRUCTION: 7 YEARS - OPERATION: 15 YEARS + 4 MONTHS
  4. Project Structure DebtAssumptionAgreement (UT)
  5. PROJECT LOCATION
  6. BOT CONTACT : This is the most significant BOT (build, operate and transfer) project to be accomplished in Turkey and one of the largest BOT motorway projects in the world. The total construction cost is 6.5 billion US$
  7. Length, mainfeatures and quantities: In Total, 404,6 km ConnectionRoadLength 46,2 km ApproachRoadsLength 78,1 km StateRoadLengthto be adjusted 27 km Slip RoadsLength 100,4 SuspendedBridgeLength 3 km 31 Viaductswith Total Length 17,2 km 192 Bridgeswith a Total Length 10,6 km 2 Tunnelswith a total Length 5,1 km Ch 0+000 Ch 408+655
  8. THE BRIDGE: It is a 430 kilometers long motorway and it includes the crossing of Izmit bay with a 3 kilometers long suspension bridge – whose central span will be one of the largest in the world.
  9. Law No. 3996 Regarding Investments Under BOT Model Cabinet Decree No. 2011/1807 On the Implementation of the Law Law. No. 6001 On the Organization and Duties od GDH Law No. 4749 On Regulating Public Finance and Debt Management Law No. 5018 On Public Financial Management and Control Law No. 6288 Amending Law No. 3996 and VAT Law No.3065 introducing Debt Assumption and VAT Exemption to infrastructure BOT Projects and Health PPP Projects

    BOT Legislation

  10. Law No. 6288Next Steps for DAA/ICDA Execution 1st Council of Ministers Decree to authorize UT for DA Finalizing Term Sheet Signing of ICDA between Lenders, SPV and GDH Signing of DAA between Lenders and UT 2nd Council of Ministers Decree approving DAA
  11. Challenges in arranging the financing Huge financing amount requires access to all available financial sources reducing sponsors’ negotiating powers Considerable amount of equity needed Large number of lenders slow the process requiring different and various conditions creating more complex inter-creditor issues Financial turmoil in European markets delays the process Market volatility effects the liquidity and rates
  12. REPUBLIC OF TURKEY MINISTRY OF TRANSPORT MARITIME AND COMMUNICATION GENERAL DIRECTORATEOF STATE AIRPORTS AUTHORITY (DHMI) MILAS BODRUM AIRPORT NEW INTERNATIONAL TERMINAL PROJECT (BOT) CONTRACTOR: ASTALDI S.p.A CONTRACT DATE: 15.01.2011 CONTRACT TERM: OPERATION: 47 months EPC CONTRACT VALUE: 110,407,890.00 €
  13. This is the first airport concession contract that Astaldi is carrying out in Turkey using Project Finance. The construction of the new international terminal of the Bodrum Airport, is forecast to increase passenger traffic to 5million per year. 18 Check Points for International & Domestic Flights Respectively; 66 Check-in Points; 5.000 Bagage / Hours; 8 Passenger Bridges; The works started in January 2011 and will be completed by May 2012.
  14. Existing Domestic Terminal APRON 241x425m APRON Existing Int. Terminal NEW TERMINAL POWER CENTER MOBILIZATION AREA Total closed space: 95.700 m2 Parking Area: 26.660m²
  15. REPUBLIC OF TURKEY MINISTRY OF HEALTH ETLIK HEALTH CAMPUS PROJECT (ANKARA) PPE PROJECT AWARDED TO ASTALDI – TÜRKERLER CONTRACT DATE: 05/03/2012 CONTRACTUAL VALUE: 276 M TL PER YEAR CONTRACT TERM: CONSTRUCTION: 42 MONTHS OPERATION: 25 YEARS
  16. Etlik Hospital Centre with a total capacity of 3,566 beds has already been defined as the largest hospital centre in Europe. Astaldi’s bid proved to be the best in the awarding procedure of this concession initiative worth approximately 900 million Euros of total investments in PPP
  17. THANK YOU FOR YOUR ATTENTION
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