Bosphorus Bridges are being privatized: EY has been authorized.

Step Taken for the Privatization of the Bosphorus Bridges

Turkey is accelerating the privatization process for the significant transportation points, Fatih Sultan Mehmet Bridge and 15 July Martyrs Bridge. The privatization advisor appointed is EY (Ernst & Young), while the Canada-based BTY Group will serve as the technical advisor for the process.

Privatization Process and New Tender Plans

Sources, who requested to remain anonymous, reported that Turkey plans to officially start the tender process later this year. Previously, in 2012, a bid of $5.7 billion was received for the privatization of the bridges, and at that time, the government referred to offers below $7 billion as "treason to the nation." The current government has expectations for new offers to exceed this amount.

Toll Fees and Traffic Data

The Minister of Transport and Infrastructure, Abdulkadir Uraloğlu, announced that as of July, approximately 430,000 vehicles pass through both bridges daily. The toll fees have been set at 59 lira for each direction as of January 1, 2023.

Information About Consulting Firms

EY, along with international firms such as Deloitte LLP, PricewaterhouseCoopers LLP, and KPMG LLP, has previously provided financial consulting services in Turkey for bridge, highway, and hospital projects.