Construction work has started on the Eurasia Tunnel , the second tube crossing the Bosphorus. Multiple entries are envisioned. Some 5. We will construct a highway beneath the Bosphorus.
Tenders for four major projects for the expansion of the existing metro and light rapid rail system for Δ°stanbul are also expected to be launched soon. Ports - More privatization is Planned. Sea transport accounts only 0. The establishment of private ports and the trend towards private management of state-owned ports have gone some way towards mitigating overcrowding and inefficiency in recent years.
A contract will be signed pending approval from competition authorities. Deutche Bank withdrew from the consortium when the global economic crisis struck the European banking system, leaving the winning consortium in a financial lurch.
The consortium appeared to have failed to find a new banking partner and could not come up with financing. Under the tender conditions, the new owners will operate the port for 49 years. Δ°DO , which operates 25 high-speed sea buses and 10 high-speed ferry boats to a Turkish-Scottish Joint venture See section on privatization.
On the occasion of the hosting of Emerald Princess in early April , the biggest cruise ship ever to come to Turkey with 3, passengers aboard , Gregory M. Kiez chairman of the board of Ege Ports, said that the company started to earn back on its investment, made in , and that Ege Ports has become an important port for cruise ships.
