Turkish ministry announces Istanbul logistics center completion date

World Materials 11 March 2020 10:26 (UTC +04:00)
Turkish ministry announces Istanbul logistics center completion date

BAKU, Azerbaijan, March 11

By Rufiz Hafizoglu - Trend:

Istanbul logistics center in European Turkey will be ready for commissioning in 2023, Trend reports referring to the Turkish Ministry of Transport and Infrastructure on March 11.

According to the ministry, construction of the center, with the total cost of 283.4 million liras (over $46 million) was launched in Istanbul in 2019.

“No foreign credit was involved to implement the project”, the ministry said.

Some 25.2 billion liras ($4.1 billion) will be invested in 2020 in the construction of transport and infrastructure projects, the ministry said previously.

A total of 2,994 projects will be implemented in 2020 in Turkey, 455 of which are in the field of transport and infrastructure. A total of 77.134 billion liras ($12.5 billion) were allocated for the projects.

Implementation of projects to create 12 logistics centers is also under way.

Eight of such centers are at design and tender stage, and the construction of another four ones continues. Foreign contractors may participate in the construction, as well.

(1 USD = 6.1208 TL on March 11).


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