SK Engineering consortium wins $1 bln Turkey order
South Korea’s SK Engineering & Construction Co said on Thursday its consortium won a underwater tunnel order worth $1 billion in Istanbul. SK Engineering, an unlisted unit of SK Group, said in a...
View ArticleTurkish-Korean venture to build second Bosporus tunnel
The Turkish-Korean Joint Venture (TKJV) has won a tender for construction of a vehicle tunnel underneath the Bosporus. The TKJV released a written statement Thursday saying the project, expected to...
View ArticleTurkey earns 6.3 billion USD from privatization in 2008
Turkey earned 6.3 billion USD from privatization in 2008. Also it will gain 4.2 billion USD after hand over procedures of other privatized companies are completed. Turkey earned 2.04 billion USD from...
View ArticleRussian-Turkish consortium revises initial bid for nuclear plant
Turkish energy minister said the consortium, which offered 21.16 cents kWh for the construction and management of Turkey’s first nuclear power plant, revised its initial offer on Monday. Turkey’s...
View ArticleConsortium bids new price in nuclear tender
The Russian-led consortium that won the tender to build Turkey’s first nuclear power plant and supply energy to the national grid has revised its price offer in an attempt to prevent its bid from...
View ArticleU.S. Lockheed gets $797 million contract for Turkish F-16 fighters
The U.S. Air Force said on Tuesday that it has modified a $797 million contract with Lockheed Martin Corp that covers the purchase of fighter jets by the Turkish government, AP reported. Under the...
View ArticleGeorgian investments may earn Turkish contractors up to $1.5 bln
Turkish contractors could share in $1-1.5 billion from projects in Georgia after the country secured $4.5 billion in investment credit from international institutions, Trade Minister Kursad Tuzment...
View ArticleTender announced for Izmit Gulf bridge
The General Directorate of Highways has announced that it will hold a tender for the construction of a new highway stretching from the town of Gebze in the northwestern province of Kocaeli to the...
View ArticleRWE among possible bidders for grids
Germany’s RWE and EnBW Energie Baden-Wuerttemberg applied to bid for Turkish electricity distribution grids, Turkey’s Privatization Administration, or ÖİB, said in a statement Thursday. RWE, ENBW...
View ArticleTurkish ministry to spend 3.1 billion on Ankara subway
Ankara’s subway system, which has yet to be completed despite 10 years of construction and 814 million Turkish Liras of investment, will receive another 3.1 billion liras from the Transportation...
View ArticleRussians pledge Matryoshka like four-layer safety in Turkey plant
As the entire world is now struggling to decide if states’ efforts to develop nuclear energy should continue after what recently happened in Japan’s Fukushima Daiichi nuclear power plant following...
View ArticleTurkey should renew 8 million houses in 20 years
The number of buildings needing to be renewed in Turkey over the next two decades is estimated to be 8 million, according to a chief construction sector representative. “The renovation of 8 million...
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