North Marmara Motorway (Kinali - Odayeri Section)

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The project envisages the construction and operation of the Kinali - Odayeri Section which is part of North Marmara Motorway. The total length of the section is 88 KM. The project has three sponsors each holding equal stake - Kolin Insaat Turizm Sanayii Ve Ticaret AS, Kalyon Group, and Hasen Yapi. The concession is a build, operate and transfer (BOT) for seven years, nine months and 12 days. The government of Turkey is providing minimum revenue guarantee to the concessionaire. The contract was awarded following a competitive bidding process based on highest new investment criterion. The consortium's bid was for TRY 2.7 billion (around $715.6 million). The banks lending to the deals include: Türkiye Garanti Bankasi A.S., Türkiye Is Bankasi A.S., QNB Finansbank A.S., T.C. Ziraat Bankasi A.S., Türkiye Halk Bankasi A.S. and Türkiye Vakiflar Bankasi T.A.O. They provided a total debt of $ 1,040 million. https://ijglobal.com/data/transaction/34189/north-marmara-motorway-ppp-88km-kinali-odayeri-section https://ijglobal.com/articles/132004/turkeys-north-marmara-motorway-projects-closed