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14 October 2019 The on-line newspaper devoted to the world of transports 18:04 GMT+2



December 12, 2012

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Original news
The BERS finances the plan for the realization of the street tunnel Eurasia under the Strait of the Bosforo

It will be completed in 2017

European Bank for Reconstruction and Development (BERS) will distribute a loan of 150 million dollars destined to finance the plan for the realization of the Eurasia tunnel, the street gallery of 5,4 kilometers that will be constructed to -25 meters from the sea level under the Strait of the Bosforo in parallel with the railway tunnel currently under construction that - which part of the Pan-European corridor of transport IV - it will be intercontinental railway front line between Europe and Asia through the Bosforo. Once completed in 2017, the Eurasia tunnel and the relative roads of access (the total length of the plan is of 14,6 kilometers) will connect the European part and that anatolica of Istanbul.

The loan of the BERS will complete the financing 1,4 billion dollars with the loan of 350 million dollars from the European Investment Bank (BEAUTIFUL) let alone a package of financings and guarantees of the South Koreans Eximbank and K-Surah (Korea Trade Insurance Corporation) with the participation of SMBC, Standard Charter and Mizuho.

The Eurasia tunnel will be realized by the ATAS (Avrasya Tuneli Insaat ve Yatirim), the consortium constituted in 2010 from the Turk Yapi Merkezi and the South Koreans SK E&C, Samwhan Corporation and Hanshin that the concession from the government of Turkey stops in order to construct and to manage the tunnel.

“The plan - it has found the responsible for infrastructures of the BERS, Thomas Maier - is not only a milestone in the connections between Asia and Europe. Like first great public-private partnership in the street field with mostly foreign financings, it will open the road to the financing of the impressive series of the infrastructural plans of Turkey. This year - Maier has explained - Turkey and Russia have seen the greatest plans than PPP in Europe, to confirmation that the emerged markets of Europe represent credible alternatives of business for the operators and the investor. So the Eurasia tunnel will accelerate the future in many ways”.

“The Eurasia tunnel - it has added Mike Davey, director of the BERS for Turkey - will allow with pendular a faster return to house, but which hub will strengthen also the international role of Istanbul aerial having determined faster possibilities of transport from the airports on both sides of the Bosforo. The BERS - it has continued Davey - considers that Turkey, than today is one of the more dynamic economies of the world, it has need of greater and better ability than transport and we will take in consideration other infrastructure plans that will be profitable easier to travel from and for Turkey”.

Dall'inizio of own activity in Turkey in 2009, the BERS has invested approximately two billions of euro in the nation in approximately 50 plans.


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