OTOYOL YATIRIM ve IŞLETME A.Ş. (“OTOYOL”) was selected by the Turkish General Directorate of Highways (“KGM”) as the private concessionaire for the Project.
Following the execution of the Concession Agreement between the parties in September 2010, OTOYOL AS reached financial close for the Phase 1 on 15th of March 2013.
OTOYOL AS has been established for the purpose of the Project by five Turkish companies (Nurol İnşaat ve Ticaret A.Ş. Özaltın İnşaat Ticaret ve Sanayi A.Ş., Makyol İnşaat Sanayi Turizm ve Ticaret A.Ş., Yüksel İnşaat A.Ş. and Göçay İnşaat Taahhüt ve Ticaret A.Ş. and one Italian company, Astaldi S.p.A..
After a competitive bidding process, Egis has been selected by OTOYOL AS as its operation partner.
Egis will be the 50% shareholder of the operating company. The other 50% will be hold by the shareholders of the concession company.
The Operator will perform pre-operational services, operation, maintenance and tolling services for OTOYOL AS for a period of 22 years and 4 months.