Independent journal on economy and transport policy
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Istanbul Fast Ferries adjudicated to the consortium constituted from the Turks Akfen, Evening and Tepe and from the Scot Souter Investments
Offer of the value of 861 million dollars
April 12, 2011
A consortium constituted from the Turkish societies Holding Akfen, Sera Gayrimenkul Yatirim and Tepe Insaat and from the Scot Souter Investments has adjudicated to the auction the company of navigation Istanbul Deniz Otobusleri A.S. (IDO - Istanbul Fast Ferries Co. Inc.) that work marine services in the metropolitan area of Istanbul. The consortium has won with an .
Akfen, Tepe and Souter Investments stop each 30% of the consortium, while the quota Evening is of 10%. IDO, that it is privatized by Istanbul Metropolitan Municipality, work a terminal series and has a fleet constituted from 25 boats used as seabus, from ten fast ferries for passengers and car and from 17 conventional ferries.
"IDO - the vice president of Holding Akfen has commented, Irfan Erciyas, that it is spokesman of the consortium - stops a preponderant quota the activity of city transport to Istanbul and considers that it constitutes a profitable investment. The offer price is online with our studies of feasibility and previews to finance it for 25% with our resources and 75% with bank loans. We consider that the transfer of the quotas will be carried to term over three or four months. Once that such procedure will be completed we use in order to carry out new investments in order to increase the quality of the IDO service".
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