New development about the sale of Yavuz Sultan Selim Bridge

Istanbul in the past months Yavuz Sultan Selim The news that the Bridge will be sold to China-based investments had emerged. There are new developments on the subject.

It has been said that the Istanbul Yavuz Sultan Selim Bridge will be sold to Chinese investors for a while. However, according to the latest news, this situation is in danger due to some articles of the agreement. As you know, the operating rights of the bridge are held by IC Investment Holding until 2027.

China Merchants Expressway Network & Technology Holdings The Chinese company named, with more than one partner, wanted to buy 51 percent of the bridge. This is approximately 689 million dollars. Negotiations continued for almost 2 years. It is said that the reason for the deadlock in the negotiations is a loan of $ 1.6 million used for the construction of the bridge in 2013.

China Merchants Group and its subsidiary China Merchants Expressway Network & Technology Holdings did not make a statement on the subject. Talks have already been interrupted by the coronavirus. The next process is eagerly awaited.

The first statement about Yavuz Sultan Selim Bridge was made last year.

The source of the news is based on a social media post made a few months ago. In Sharing “51 percent of Yavuz Sultan Selim Bridge and Northern Ring Motorway are sold to a Chinese company. It has been reported that the agreement has reached the signing stage. It was shared with the public that the fund created by China Merchants Expressway, CMU, Zheijiang Expressway, Jiangsu Expressway, Sichuan Expressway and Anhui Expressway will purchase 51 percent of Yavuz Sultan Selim Bridge and Northern Marmara Highway for 688.5 million dollars.” statements were made.

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Source: Teknoloji haberleri – LOG by www.log.com.tr.

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