1915 Çanakkale Bridge and Motorway Project’s financing has been signed in Ankara

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1915 Çanakkale Bridge and Motorway Project’s financing has been signed in Ankara

Set to be the world's longest suspension bridge once complete, the Çanakkale 1915 Bridge has secured a 2.3 billion euro loan, 70 percent of whichcame from foreign financial institutions. The largest loans for the project, which has been contracted to Turkish and South Korean firms, came from South Korean export credit agencies.

 

Çanakkale Otoyol ve Köprüsü İnşaat Yatırım ve İşletme A.Ş., founded by the Daelim-Limak-SK-Yapı Merkezi Joint Venture, consisting of Turkish and South Korean companies, received loans from 24 banks and financial institutions from 10 countries, including South Korea, Germany, France, Italy, United Arab Emirates (UAE), Kuwait, China, Britain, Denmark and Turkey.

 

The loan has a maturity of 15 years with a five-year grace period.

 

Twenty-four banks and financial institutions involved in the EKF, KSURE, Bank of China, Deutsche Bank, Germany's second largest bank DZ BANK, South Korea's KEB Hana Bank, ICSC, ING, Intesa SanPaolo, Kuwait Finance House K.S.C.P, Kuwait Turk Participation Bank, Natixis, Shinhan Bank, Siemens Bank, Standard Chartered, Akbank, Finansbank, Garanti Bank, İş Bank, Vakıflar Bank and Yapı Kredi Bank.

1915 Çanakkale Bridge and Motorway Project’s financing has been signed in Ankara
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