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Weekly Lists
March 23, 2018 www.intellinews.com I Page 25
bne:
Infrastructure
Consortium secures €2.3bn financing to build world’s longest suspension bridge in Turkey
World Bank to support Bucharest's largest urban development for decades
Turkey’s 1915 Canakkale Bridge and Highway project has secured €2.3bn of financing, Canakkale Otoyol announced on March 17.
Canakkale Otoyol was formed by the consortium that won a tender to build and operate the suspension bridge which, ranked as the world’s longest such bridge, will cross the Dardanelles Straits.
The loan will be paid back over 15 years with a five-year grace period. The facility was secured from 24 banks and institutions, including Deutsche Bank, Bank of China and ICBC.
In 2017, the consortium – made up of South Korea’s Daelim, SK E&C, and Turkey’s Yapi Limak – won the tender to build the bridge. The bridge will span over 2,000 metres and link the two sides of the Dardanelles Strait in Turkey’s Canakkale province.
The authorities of the 5th district in Romania’s capital Bucharest announced the signing of an agreement with the World Bank for the financing of the largest urban development (including the urban re- newal of poor areas) seen by Romania’s capital in recent decades.
Some 40,000 new housing units will be developed and poor neigh- bourhoods will be subject to urban renewal.
The 5th district includes central areas and boasts rich neigh- bourhoods and the world-renowned People’s House, but also the poorest neighbourhoods in Bucharest. It is also located close to Magurele, where the European project Extreme-Light Infrastruc- ture - Nuclear Physics (ELI-NP) is being developed.
Working groups from Macedonian Energy Resources (MER), a company which develops gasification projects in Macedonia, and Greece’s gas transmission system operator Desfa are discussing the timeframe and other details for the implementation of the gas pipeline connection between the two countries, the government in Skopje said.
The interconnection line will allow Macedonia to diversify the supply of natural gas and use gas from multiple sources. In particular,
it opens the way for the country to join the Trans Adriatic Pipeline (TAP) project as well as to use liquid natural gas from reservoirs
Macedonia and Greece prepare gas connection project
in Greece.