Turkey to privatize port in its Mediterranean coast

Turkey will privatize a port in its Mediterranean coast, the privatization authority said.

Turkey to privatize port in its Mediterranean coast

Turkey will privatize a port in its Mediterranean coast, the privatization authority said on Friday.

Turkey's Privatization Administration Board (OIB) released a statement which said it would hold an auction to grant the management rights of the Iskenderun port for 36 years.

The bids will be received on August 4, 2010.

Turkish and foreign companies and/or consortia can join the auction and the bargaining.

The board published a tender announcement for the port in July 2005 and the tender was completed in September 2005.

However, Turkey's top administrative court, the Council of State, cancelled the tender in December 2006.

Port of Iskenderun is located in the northeastern part of Mediterranean Sea, and serves to South and South East Anatolia Region, as well as the transit traffic to the Middle East Countries.

The port has connections to both rail and highway networks and serving customers to handle bulk, general cargos and Ro-Ro's.

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Last Mod: 14 Mayıs 2010, 23:04
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