Iskenderum to be privatised
Turkeys Privatisation Administration has put back the bidding deadline for a 36 year-concession at the Mediterranean port of Iskenderun from August 4 to September 16. Initially, the port was offered to the private sector in 2005, although the tender was cancelled in December 2006 by the Council of State.
Turkey intends to build more than 10 new ports over the next three years, involving investment of more than $1bn. DP world is already committed to spending $107m at Yarimca, while Yilport has set aside $500m for various projects.