Over 20 giantcompanies, most of them foreign groups, have shown interest in the constructionof high speed train railway track to be laid between western city of Bursa and Osmaneli in Turkey
Over 20 giant companies, most of them foreign groups, have shown interest inthe construction of high speed train railway track to be laid between westerncity ofBursa and Osmaneli (in Marmara region of Turkey).
The railway will be constructed in partnership between the public andprivate sectors.
Those who have applied to the Turkish State Railways (TCDD) toconstruct the railway include the Kuwaiti-Turkish Investment Bank, Belgian TransurbTechnicrail, Spanish Isolux Corsan, Imathia andAlarko-OHLcompanies.
The high speed train project is a USD 385 million one.
The company chosen as a partner of the TCDD will have the right tooperate the railway for 25 years.
This will be the first time that the TCDD works with a private sectorcompany.
TCDDhas to work with a private company as its investment budget is very limited andnot sufficient to materialize the high speed train project.
The TCDDhas studied the Taiwanese and Dutch models and developed a model for
According to the TCDD sources,
Furthermore, it has a high potential of passengers.
TheBursa-Osmaneli railway will carry 6.5 million passengers p.a..
Once completed, the railway will make it possible to reach
According to the project, TCDD will be a partner in the constructionof infrastructure and superstructure.
Infrastructure expenses are expected to be around USD 230 million whilesuperstructure costs will be roughly USD 155 million.
The construction works will begin in 2008 and last for three years. Theproject will pay off itself in 8-10 years, sources indicated.
AA
