The projects in transport sector
- 2019-03-25 12:53
After former the Transportation, Maritime Affairs and Communication Ministry in the parliamentary system has been restructured to The Transportation and Infrastructure Ministry, attention has now turned to Turkey's mega-projects.
The Transportation and Infrastructure Ministry have completed many mega projects. These projects such as Osmangazi Bridge, Yavuz Sultan Selim Bridge and Eurasia Tunnel have been in the service of the public. With many other ongoing projects, Turkey's projects are developing rapidly.
Some of on-going projects
The processes of Istanbul's new airport, Kanal Istanbul, the three-story Grand Istanbul Tunnel and the Northern Marmara Highway will be expedited. Istanbul's new airport (İstanbul airport), the first phase started operating on Oct. 29. Turkey's largest city's new airport will harbor a living area of 100,000 square meters and have a parking lot that accommodates 25,000 vehicles. The airport will allow landing and taking-off of 3,500 airplanes and will have 143 boarding bridges as well as a baggage system of 42 kilometers. It is estimated that the airport will generate TL 73 billion ($15.29 billion) for the Turkish economy and provide jobs for 225,000 people when fully operational. It will have a cargo capacity of 5.5 million tons. The mega project is expected to make Turkey a significant transfer hub for Western Europe and East Asia. The estimated investment cost of the project is reported to be 10.2 billion euros and it is being constructed with a 22.2 billion-euro concession cost. When all the phases of the airport are completed, the number of passengers is expected to rise to 150,000 million annually.
Three-story Grand Istanbul Tunnel
The world's first three-story tunnel will ensure transit between Istanbul's European and Asian sides via a single route by combining a metro tunnel, necessary for the traffic flow of the 15 July Martyrs Bridge, and a road tunnel that will help ease traffic for the Fatih Sultan Mehmet Bridge. Some 6.5 million people will benefit from the project, to which nine different rail systems will be integrated, once complete. Currently, surveys for the project are continuing, and the project is planned to be constructed via a public-private partnership (PPP) model.
Canal Istanbul to be contracted this year
The canal Istanbul project will connect the Black Sea in Istanbul's northern European side with the Marmara Sea. The 45-kilometer-long project will support the economic, social and urban structure of the region and will extend through Istanbul's Avcılar, Küçükçekmece, Başakşehir and Arnavutköy districts. The 1/100,000-scale route and reserve structure plan for the project was completed recently. Once complete, the canal will reduce shipping traffic, particularly oil tanker traffic, passing through the Bosporus Strait. The construction phase will employ more than 6,000 people and 1,500 people will be employed in the operation phase.Following the completion of geological, geotechnical, hydro-ecological and environmental impact surveys, the bids for the project will be collected this year.
Northern Marmara Highway fully operational in 2019
The Northern Marmara Highway is one of the infrastructure projects whose construction will be accelerated in the upcoming period. The part of the projects that will be integrated into Istanbul's new airport will start operating before the airport becomes operational and the rest will be complete next year. The 80-kilometer-long section of the project has an estimated cost of $1.1 billion, while the 170-kilometer-long section will cost $1.9 billion.
Istanbul-Thrace high-speed train project to be contracted
The Halkalı-Kapıkule High-Speed Train Project will connect Turkey's fast train with Europe. The tender of the 230-kilometer-long line with a cost of around TL 3.2 billion will be launched at the end of this year, while the project is expected to be completed in 2022. Construction work on the route that will connect Gebze, Sabiha Gökçen Airport, Yavuz Sultan Selim Bridge, Istanbul New Airport and Halkalı New Railway will be made on an area of 124 kilometers. The tender for this project, which is expected to cost around TL 9 billion, is planned to be completed this year, while the line is scheduled to be ready by 2023.
Istanbul Financial Centre
Asian Side Istanbul, already a hub of business can easily assume the role with its experienced workforce and well-regulated markets. Covering 2,500,000 square metres, the investment sun of 4.5 billion USD will make up a commercial and residential hub including shopping malls, offices, homes, and a hotel.
Çanakkale 1915 Bridge
The General Directorate of Highways also want to build the 3.6-kilometer Canakkale 1915 bridge, spanning the Dardanelles that when complete, will be the world’s longest suspension bridge. The bridge will cost 10.5 billion USD to construct, and the deadline is 2023.
Medium scale new projects in transport sector throughout Turkey
There are also some medium scale new projects about Intelligent Transport System including Smart Public Transit, Smart Vehicular Traffic Management, Smart Active Mobility, Smart Parking, Integrated and Seamless Mobility, Connected and Shared Mobility, Transportation Electrification. The aim of all municipalities is to reduce motorised traffic by investing in the improvement of public transport services thereby promoting a shift in traffic demand from private passenger cars to public transport, and ultimately contributing to upgrading the mobility and accessibility within the city and to the regeneration of a more liveable environment. That’s why there are many tenders of ITS application and services in different metropolitan municipalities and also related public sector.
Some expert saying that the economic situation in Turkey now will not create any problem to finance this Project. Because the new finance model is a build-operate-transfer [BOT] model. PPP model projects are not a new concept for the Turkish economy. Since the early 1980s, Turkey has implemented numerous projects with this financial model to build highways, airports, railways, hospitals, energy facilities and ports. Alternative financial models are also being studied within the framework of the models, such as a build-operate-transfer [BOT] model. This model can be a solution to build a different scale of projects.