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Turkey invests $80 billion via public-private Partnership

by Ayaz Ahmet
July 3, 2023
in Business
2 min read
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Turkey has so far invested $80 billion (TL 1.08 trillion) through 257 public-private partnership projects (PPP), according to a press release of PPP Center of Excellence (CoE) Monday.

PPP CoE head Eyüp Vural Aydın told Anadolu Agency (AA) that these projects have been used effectively since the 1990s.

Aydın said PPP projects pass completely in the state after a set deadlines and thus provide significant resources.

“For example, the third bridge of Istanbul, the Yavuz Sultan Selim Bridge, was in operation for almost six year. Istanbul airport was in operation for three years and has an operational period of 25 years. All these projects are extremely important and will return to the state at the end of the day.”

indicating that one of the latest of these projects, the 1915 Çanakkale Bridge, are nearing completion and will be put into operation soonAydın said it is complete in a short time of four years.

Aydın said PPP projects provide environmental, economic and time-saving benefits and can be completed quickly without cost. for the public.

Aydın said: “We find that PPP projects in Turkey contributes to the economy developmentsave time for citizens and increase the value of time in the country.”

Aydın noted that Turkey’s PPP projects are held up as an example abroad, and more recently, senior bureaucrats of 42 countries of almost all over the world came to the Istanbul PPP Week, which they organized for the sixth time in December.

He said they talked about successful projects such as Istanbul Airport, city hospitals, the Eurasia Tunnel and the Yavuz Sultan Selim Bridge.

Express that Central Asia countries have particularly warmed up up to Turkey city modelAydın hospital said that a hospital project has begun in Azerbaijan last months and that Turkish companies will take the lead in while a hospital and an airport in Kazakhstan were built by Turkish companies.

He added that there will be good news concerning Kyrgyzstan very soon.

“Thanks to experience of Turkish companies, they have the ability to undertake these projects in many different countries and all regions over the world,” he said.

Aydın said that all of the current projects will be state-owned by 2040, noting that new investments can be facilitated with the budgets that will be obtained from current projects.

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