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Turkey's Debt Guarantees for BOT Projects Reach $21.6 Billion
๐Ÿ‡น๐Ÿ‡ท Turkey /Economy & Trade

Turkey's Debt Guarantees for BOT Projects Reach $21.6 Billion

From Cumhuriyet · () Turkish

Translated from Turkish, summarized and contextualized by DistantNews.

At a glance

News Documents & data New plan
  • Turkey's Treasury and Finance Ministry has committed to approximately $21.6 billion in debt guarantees for build-operate-transfer (BOT) projects by the end of 2025.
  • These guarantees cover several major highway projects, including the ร‡eลŸmeli-Kฤฑzkalesi, Antalya-Alanya, and Ankara-Kฤฑrฤฑkkale-Delice motorways.
  • The article details the debt assumption agreements for various BOT projects, highlighting the significant financial commitments made by the government.

Turkey's government has committed to a substantial $21.6 billion in debt guarantees for build-operate-transfer (BOT) highway projects by the end of 2025. This figure, compiled from data by the Strategy and Budget Directorate, underscores the significant financial backing the Treasury and Finance Ministry is providing for these infrastructure initiatives.

The latest commitments include substantial sums for upcoming projects: 884 million Euros for the ร‡eลŸmeli-Kฤฑzkalesi Motorway, 1.7 billion Euros for the Antalya-Alanya Motorway, and 973 million Euros for the Ankara-Kฤฑrฤฑkkale-Delice Motorway, all slated for 2025.

These new guarantees add to existing commitments for major transportation arteries. The list includes the Eurasia Tunnel (960 million dollar loan), Gebze-Orhangazi-ฤฐzmir Motorway (4.9 billion dollar loan), and the 1915 ร‡anakkale Bridge and Malkara Motorway (2.7 billion dollar loan). Other projects with significant debt guarantees are the Ankara-NiฤŸde Motorway, the Northern Marmara Motorway sections, the Aydฤฑn-Denizli Motorway, and the ร‡eลŸmeli-Kฤฑzkalesi Motorway, among others. The total sum of these debt assumption guarantees reaches approximately $21.575 billion.

DistantNews Editorial

Originally published by Cumhuriyet in Turkish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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