Ankara-Nigde Motorway

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The project entails the construction of a motorway planned to cross the provinces of Ankara, Aksaray, Konya, Kirsehir, Nevsehir and Nigde, which are located in Central Anatolia. The Motorway will have a total length of approximately 330 km including the main route (around 275 km) and the connection roads (around 55 km). It will be a dual carriage way of 2x4 lanes in the first 30 km part of the route, and 2x3 lanes for the remaining part. The SPV is ERG Otoyol Yatirim ve Isletme A.S. a joint venture between the sponsors ERG Insaat Ticaret ve Sanayi and Seza Insaat Sanayi Ve Ticaret. It will comprise three sections: Ankara Golbasi-Acikuyu Intersection, Acikuyu-Alayhan Intersection, and Alayhan-Golcuk Intersection. The total project cost is being estimated at $1,315.03 million. Financing is being provided by a syndicate of the banks, as follows: Credit Suisse, Isbank, Vakifbank, Yapi Kredi, Kuveyt Turk Bank. Financial close took place on June 7, 2018. https://ijglobal.com/data/transaction/42346/ankara-nigde-motorway-330km-ppp