Maritime

TURKEY: PRIVATISATION OF PORT OF BANDIRMA AND SAMSUN

There were approved by the Competition Board “the results of privatization (concession rights for 36 years) between the two main ports in Turkey that belonged to the Turkish State Railways (TCDD), that is of Bandirma, on the Marmara Sea, and Samsun, on the Black Sea. The port of Bandirma was awarded to local society Celebi Holding for an amount of 175.5 million dollars, after a competition that saw 12 players competing, while the port of Samsun saw prevail among six competitors, the Turkish society Ceynak Lojistik, who gave the figure of 125.2 million dollars. The three hundred million dollars obtained from the sale of the two ports, according to reports by the Authority for Privatization (OIB) will be used mainly in the railway sector to build new routes, upgrading old ones and buy new carriages and locomotives. Recently they were privatized the strategic port of Izmir on ‘Aegean and Mersin on the Mediterranean South, awarded to Asian investors Hutchison and Singapore Port Authority.