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ASTALDIs first experience in Turkey dates back to 1987 with the construction of the Anatolian Motorway and since then it has proudly become one of the.

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Presentation on theme: "ASTALDIs first experience in Turkey dates back to 1987 with the construction of the Anatolian Motorway and since then it has proudly become one of the."— Presentation transcript:

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2 ASTALDIs first experience in Turkey dates back to 1987 with the construction of the Anatolian Motorway and since then it has proudly become one of the major players in Turkey for infrastructural works. Astaldi is the only foreign company member of the Turkish Contractors Association. Over the coming years, the Group will focus major attention on the planned infrastructural investments in the healthcare and transport sectors, to be performed using the general contractor and PPP formulae.

3 Gebze-Orhangazi-İzmir Highway Including Izmit Bay Passage & Connection Roads New Terminal Project of Milas – Bodrum Airport Ankara Etlik Health Campus Project

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5 Debt Assumption Agreement (UT)

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7 This is the most significant BOT (build, operate and transfer) project to be accomplished in Turkey and one of the largest BOT motorway projects in the world. The total construction cost is 6.5 billion US$

8 Ch Ch Length, main features and quantities: o In Total, 404,6 km o Connection Road Length 46,2 km o Approach Roads Length 78,1 km o State Road Length to be adjusted 27 km o Slip Roads Length 100,4 o Suspended Bridge Length 3 km o 31 Viaducts with Total Length 17,2 km o 192 Bridges with a Total Length 10,6 km o 2 Tunnels with a total Length 5,1 km

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10 BOT Legislation Law No Regarding Investments Under BOT Model Cabinet Decree No. 2011/1807 On the Implementation of the Law Law. No On the Organization and Duties od GDH Law No On Regulating Public Finance and Debt Management Law No On Public Financial Management and Control Law No Amending Law No and VAT Law No.3065 introducing Debt Assumption and VAT Exemption to infrastructure BOT Projects and Health PPP Projects

11 Law No Next Steps for DAA/ICDA Execution 1st Council of Ministers Decree to authorize UT for DA Finalizing Term Sheet Signing of ICDA between Lenders, SPV and GDH Signing of DAA between Lenders and UT 2 nd Council of Ministers Decree approving DAA

12 Challenges in arranging the financing Huge financing amount requires access to all available financial sources reducing sponsors negotiating powers Considerable amount of equity needed Large number of lenders slow the process requiring different and various conditions creating more complex inter-creditor issues Financial turmoil in European markets delays the process Market volatility effects the liquidity and rates

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14 This is the first airport concession contract that Astaldi is carrying out in Turkey using Project Finance. The construction of the new international terminal of the Bodrum Airport, is forecast to increase passenger traffic to 5 million per year. 18 Check Points for International & Domestic Flights Respectively; 66 Check-in Points; Bagage / Hours; 8 Passenger Bridges; The works started in January 2011 and will be completed by May 2012.

15 APRON NEW TERMINAL POWER CENTER MOBILIZATION AREA Existing Int. Terminal Existing Domestic Terminal 241x425m APRON Total closed space: m2 Parking Area: m²

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17 Etlik Hospital Centre with a total capacity of 3,566 beds has already been defined as the largest hospital centre in Europe. Astaldis bid proved to be the best in the awarding procedure of this concession initiative worth approximately 900 million Euros of total investments in PPP

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