Privatization of Motorways and Bridges Information Brief

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Privatization of Privatization of Mo Mo Informa Informa REPUBLIC REPUBLIC PRIME M PRIME M PRIVATIZATION A PRIVATIZATION A July July otorways otorways and Bridges and Bridges ation Brief ation Brief OF TURKEY OF TURKEY MINISTRY MINISTRY ADMINISTRATION ADMINISTRATION y 2010 y 2010

Transcript of Privatization of Motorways and Bridges Information Brief

Privatization of Privatization of Motorways Motorways Information BriefInformation Brief

REPUBLIC OF TURKEYREPUBLIC OF TURKEYPRIME MINISTRYPRIME MINISTRY

PRIVATIZATION ADMINISTRATIONPRIVATIZATION ADMINISTRATION

July 2010July 2010

Motorways Motorways and Bridgesand BridgesInformation BriefInformation Brief

REPUBLIC OF TURKEYREPUBLIC OF TURKEYPRIME MINISTRYPRIME MINISTRY

PRIVATIZATION ADMINISTRATIONPRIVATIZATION ADMINISTRATION

July 2010July 2010

Ø All the information in this document has been compiledneither its correctness, nor its appropriateness has beenTurkey (“TSKB”), nor the Privatization AdministrationHighways (“KGM”), nor any other institution or organizationwarranties concerning the information contained in thisinformation.

DISCLAIMER

information.

Ø Under no condition can this document be interpretedAll the persons and institutions that have accessed and

Ø This document contains preliminary information aboutand will be subject to updates with more detailed information

compiled from sources which are accessible by the public andbeen confirmed. Neither Industrial Development Bank of

Administration of Turkey (“PA”), nor the General Directorate oforganization makes any representations, nor gives any

this document and also, cannot be held liable for any such

1

interpreted as an offer, call for an offer, or a pre-contract document.and used this document will be doing so at their own risk.

about the privatization of motorways and bridges in Turkey,information.

§ Privatization of Motorways and Bridges: Scope ………………………………………………………………………

§ Bridges ……………………………………………………………………………………………………………………

§ Motorways …………………………………………………………………………………………………………………

§ Service Facilities …………………………………………………………………………………………………………

TABLE OF CONTENTS

§ Service Facilities …………………………………………………………………………………………………………

……………………………………………………………………….2

……………………………………………………………………………………………………………………...13

…………………………………………………………………………………………………………………24

…………………………………………………………………………………………………………..51

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…………………………………………………………………………………………………………..51

The scope of privatization covers the motorways, bridgesbelow. The construction, maintenance, rehabilitation and operationDirectorate of Highways (KGM). Assets subject to privatizationon Privatization High Council decision dated 19/Apr/2007

Privatization of Motorways

Privatization of Motorways and Bridges --- Scope

Scope

• Edirne-İstanbul-Ankara Motorway• Pozantı-Tarsus-Mersin Motorway• Tarsus-Adana-Gaziantep Motorway• Tarsus-Adana-Gaziantep Motorway• Toprakkale-İskenderun Motorway• İzmir-Çeşme Motorway• İzmir-Aydın Motorway• Gaziantep-Şanlıurfa Motorway• İzmir ve Ankara Peripheral Motorways• Boğaziçi ve Fatih Sultan Mehmet Bridges

The above mentioned motorways and bridges (including theirwell as the maintenance-operation and toll collection unitsherein throughout the document) are to be privatized via Transfer

and service facilities on these motorways, as presentedoperation of these assets are currently undertaken by the

privatization were included in the privatization agenda based2007 and numbered 2007/25.

Motorways and Bridges

Scope

3

their connection roads) and service facilities thereon asunits (shall be referred to as “Motorways and Bridges”

Transfer-of-Operating-Rights (TOR) agreement.

Privatization of Motorways Motorway Network in Turkey

Motorway Network in Turkey

XXFatih Sultan Mehmet

BridgeBoğaziçi Bridge

Motorways and BridgesMotorway Network in Turkey

4

IN OPERATION

Motorways and Bridges Subject to Privatization

Motorways and Bridges Opening Date

EDIRNE – İSTANBUL – ANKARA MOTORWAY

O-3 Edirne – İstanbul Motorway 1987-1997

O-4 İstanbul – Ankara Motorway 1990-2007

O-20 Ankara Peripheral Motorway 1993-1998

Privatization of Motorways Assets Subject to Privatization

O-20 Ankara Peripheral Motorway 1993-1998

FATİH SULTAN MEHMET BRIDGE AND PERIPHERAL MOTORWAY

O-20 İstanbul – Fatih Sultan Mehmet Bridge –Anatolia Motorway 1988

BOĞAZİÇİBRIDGE

O-1 Boğaziçi Bridge (K-9, Barbaros – K12 AltunizadeJunctions) 1973

İZMİR – ÇEŞME MOTORWAY

O-32 İzmir – Urla – Çeşme Motorway 1993-1996

İZMİR – AYDIN MOTORWAY

O-31 İzmir – Aydın Motorway 1996-2004

O-30 İzmir Peripheral Motorway 1993-2006

Note: (1) Length figures are given as Motorway Length + Connection Road Length

Motorways and Bridges Subject to Privatization --- Detailed Overview ( 1 / 2 )

Opening Constr.

Cost(US$

million)

Length (km) (1)

Number of

Lanes

Number of

Tunnels

Number of

Viaducts

2.000 232 +47 2x3; 2x2 - 20

4.000 403 +42 2x3; 2x2 6 36

888 110 +4 2x4; 2x3 - 1

Motorways and BridgesAssets Subject to Privatization

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888 110 +4 2x4; 2x3 - 1

FATİH SULTAN MEHMET BRIDGE AND PERIPHERAL MOTORWAY

391,5 35 + 0 2x4; 2x3 1 7

44,5 6 + 0 2x3; 2x3 - 3

607 79+12 2x3; 2x2 - 2

1.391 96+17 2x3 1 3

460 52+8 2x3 2 5

as Motorway Length + Connection Road Length

Motorways and Bridges Subject to Privatization

Motorways and Bridges (2) Opening Date

POZANTI – TARSUS – MERSİN MOTORWAY

O-21 Pozantı – Tarsus

O-51 Tarsus – Mersin

TARSUS – ADANA – GAZİANTEP MOTORWAY

Privatization of Motorways Assets Subject to Privatization

1981 -2006

TARSUS – ADANA – GAZİANTEP MOTORWAY

O-51, O-52 Tarsus – Adana – Toprakkale – Gaziantep

TOPRAKKALE – İSKENDERUN MOTORWAY

O-53 Toprakkale – İskenderun

GAZİANTEP – ŞANLIURFA MOTORWAY

O-52 Gaziantep - Şanlıurfa

Notes: (1) Length figures are given as Motorway Length + Connection Road Length(2) Technical details regarding motorways presented on this page are provided under motorway sections in the following pages.

Motorways and Bridges Subject to Privatization --- Detailed Overview ( 2 / 2 )

Opening Constr.

Cost(US$

million)

Length (km) (1)

Number of

Lanes

Number of

Tunnels

Number of

Viaducts

Motorways and BridgesAssets Subject to Privatization

6

5.750 696+1722x2; 2x3; 2x4

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as Motorway Length + Connection Road LengthTechnical details regarding motorways presented on this page are provided under Pozantı-Adana-Mersin and Adana-İskenderun- Şanlıurfa

Motorways and Bridges Subject to Privatization

Privatization of Motorways Assets Subject to Privatization

Ø Highly significant geopolitical location, situated acrossincreasing trade relations with surrounding countries;

Ø Positive outlook in macroeconomic conjuncture; therefore,

Ø Large geographical area and associated need for new motorways

Ø Constantly increasing traffic averages (Annual 8% increaseØ Constantly increasing traffic averages (Annual 8% increasevs. nearly 0% in EU);

Ø 95% share of highways in passenger and goods transportation90% in USA);

Ø Increasing traffic on Motorways and Bridges (Over 314

Ø High potential for an increase in the number of vehicles

Ø A high-return investment opportunity, leading to verticaleconomy;

Ø Turkey’s candidacy and expected accession to EU.

Motorways and Bridges Subject to Privatization --- Attractiveness for Investors

Motorways and BridgesAssets Subject to Privatization

across continents; important industrial and trade hub owing to

therefore, an ideal country for investments;

motorways at international standards;

increase in vehicle/km on highways & 15% on motorways

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increase in vehicle/km on highways & 15% on motorways

transportation (vs. approx. 80% in EU countries and approx.

314 million vehicles in 2009);

vehicles per capita (compared to developed countries);

vertical integration with multiple sectors in a fast developing

Motorways and Bridges Subject to Privatization

Privatization of Motorways Assets Subject to Privatization

Number of Vehicles (million)

Gross Income(1)

(million TL)Gross Income(million US$)

2007 2008 2009 2007 2008 2009 2007 2008 2009

Edirne-İstanbul Motorway 50.7 51.5 52.8 105.9 102.2 101.3 81.5 79.0 65.5

İstanbul-Ankara Motorway 66.2 69.5 71.6 191.0 194.4 194.0 146.9 150.3 125.4

Notes: (1) Motorway Gross Income figures include 18% VAT, Bridge Income figures include 18% VAT and 10% municipality share. (2) Motorway Net Income figues exclude 18% VAT and 10% municipality share. (3) Expenses of İzmir Peripheral Motorway amounting to 5.8 million TL (4.5 million US$)

TL (2.4 million US$) in 2009 are included into the İzmir - Aydın Motorway expense

FSM Bridge and Peripheral Motorway 81.0 78.8 78.4 155.3 122.8 114.6 119.4 95.0 74.1

Boğaziçi Bridge 66.3 67.2 65.7 98.5 87.7 84.9 75.8 67.8 54.9

İzmir-Çeşme Motorway 7.3 7.8 8.9 11.4 11.6 12.8 8.8 9.0 8.3

İzmir-Aydın Motorway 11.2 12.1 11.7 23.1 23.4 23.0 17.8 18.1 14.8

Pozantı-Adana-Mersin Motorway 9.3 10.0 11.0 23.6 23.5 25.2 18.1 18.2 16.3

Adana-İskenderun-Şanlıurfa Motorway 11.0 12.9 14.2 32.6 37.8 48.2 25.1 29.3 31.1

TOPLAM 303.1 309.8 314.2 641.5 603.4 603.9 493.3 466.7 390.4

Motorways and Bridges Subject to Privatization – 2007, 2008 and 2009 Summary Figures

Motorways and BridgesAssets Subject to Privatization

Gross Income(million US$)

Net Income(2)

(million TL)Net Income

(million US$)Expenses(3)

(million TL)Expenses

(million US$)

2009 2007 2008 2009 2007 2008 2009 2007 2008 2009 2007 2008 2009

65.5 89.8 86.6 85.9 69.0 67.0 55.5 27.6 33.2 31.5 21.2 25.7 20.4

125.4 161.9 164.7 164.4 124.5 127.4 106.3 69.7 70.9 82.1 53.6 54.9 53.1

8

figures include 18% VAT, Bridge Income figures include 18% VAT and 10% municipality share. 18% VAT and 10% municipality share.

5 million US$) in 2007, 3.5 million TL (2.7 million US$) in 2008 and 3.8 million expenses.

74.1 118.4 93.7 87.4 91.1 72.5 56.5 17.2 18.9 27.1 13.2 14.6 17.5

54.9 75.2 66.9 64.7 57.8 51.7 41.8 6.1 3.1 3.2 4.7 2.4 2.0

8.3 9.6 9.8 10.9 7.4 7.6 7.0 7.7 8.3 8.7 5.9 6.4 5.7

14.8 19.6 19.8 19.5 15.1 15.3 12.6 20.6 17.7 21.4 15.8 13.7 13.8

16.3 20.0 19.9 21.3 15.4 15.4 13.8 10.7 13.4 15.2 8.2 10.4 9.9

31.1 27.6 32.1 40.8 21.3 24.8 26.4 18.1 20.9 26.7 13.9 16.2 17.2

390.4 522.1 493.5 494.9 401.5 381.7 319.9 177.7 186.5 215.9 136.6 144.2 139.5

Number of Vehicles on Motorways in 2009 --- by Vehicle Class

NUMBER OF VEHICLES

CLASS 1 CLASS 2 CLASS 3

JANUARY 8,594,717 1,606,861 796,762

FEBRUARY 8,097,758 1,524,240 740,022

MARCH 8,932,224 1,705,021 814,657

Privatization of Motorways Assets Subject to Privatization

APRIL 9,701,205 1,789,470 845,254

MAY 10,723,833 1,915,010 910,430

JUNE 11,529,181 1,995,999 966,070

JULY 13,420,992 2,103,134 991,967

AUGUST 12,869,368 1,999,542 932,219

SEPTEMBER 9,638,047 1,872,331 799,950

OCTOBER 10,793,665 2,007,829 971,942

NOVEMBER 8,815,096 1,668,897 813,597

DECEMBER 10,108,091 1,902,175 923,731

TOTAL 123,224,177 22,090,509 10,506,601

by Vehicle Class

NUMBER OF VEHICLES

CLASS 4 CLASS 5 OTHER TOTAL

1,009,723 10,144 3,950 12,022,157

953,833 9,900 3,289 11,329,042

1,098,991 10,438 4,564 12,565,895

Motorways and BridgesAssets Subject to Privatization --- Motorways

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1,140,102 10,700 6,466 13,493,197

1,217,445 10,197 8,228 14,785,143

1,248,010 11,064 9,513 15,759,837

1,256,505 10,081 10,498 17,793,177

1,254,194 9,493 9,603 17,074,419

1,101,299 8,721 6,588 13,426,936

1,362,122 9,980 7,528 15,153,066

1,118,320 8,282 5,209 12,429,401

1,316,453 10,154 5,206 14,265,810

14,076,997 119,154 80,642 170,098,080

GROSS INCOME

CLASS 1 CLASS 2 CLASS 3

JANUARY 14,999,358 2,957,093 3,464,741

FEBRUARY 14,324,396 2,817,399 3,215,289

MARCH 16,025,114 3,209,192 3,601,181

Privatization of Motorways Assets Subject to Privatization

Income Breakdown for Vehicles on Motorways in

APRIL 17,899,456 3,375,624 3,766,149

MAY 19,951,081 3,684,461 4,114,090

JUNE 22,017,701 3,855,443 4,431,363

JULY 27,419,706 4,132,075 4,455,622

AUGUST 26,024,724 3,935,725 4,130,773

SEPTEMBER 17,982,549 3,580,532 3,528,229

OCTOBER 20,125,315 3,854,827 4,378,411

NOVEMBER 15,582,236 3,142,755 3,688,953

DECEMBER 18,163,617 3,560,274 4,122,412

TOTAL 230,515,253 42,105,400 46,897,213

Not: (1) Includes 18% VAT.

GROSS INCOME (TL) (1)

CLASS 4 CLASS 5 OTHER TOTAL

5,964,526 70,662 5,116 27,461,496

5,710,468 69,012 4,355 26,140,919

6,669,129 75,514 6,017 29,586,147

Motorways and BridgesAssets Subject to Privatization --- Motorways

Income Breakdown for Vehicles on Motorways in 2009 --- by Vehicle Class

10

6,917,280 78,095 9,114 32,045,718

7,382,884 72,617 11,780 35,216,913

7,318,444 74,002 13,523 37,710,476

7,538,107 71,800 14,920 43,632,230

7,387,071 70,428 14,037 41,562,758

6,475,408 61,733 9,376 31,637,827

8,111,545 71,398 10,400 36,551,896

6,658,002 60,473 6,970 29,139,389

7,830,855 74,843 6,784 33,758,785

83,963,719 850,577 112,392 404,444,554

NUMBER OF VEHICLES

CLASS 1 CLASS 2 CLASS 3

JANUARY 10,265,272 996,476 203,934

FEBRUARY 9,529,372 930,632 190,746

MARCH 10,573,096 1,052,898 213,670

Privatization of Motorways Assets Subject to Privatization

Number of Vehicles on Bridges in 2009 --- by Vehicle Class

APRIL 10,686,742 1,072,830 220,796

MAY 11,182,192 1,114,326 229,758

JUNE 10,776,368 1,131,234 238,060

JULY 10,491,540 1,112,616 244,974

AUGUST 10,500,218 1,084,816 234,176

SEPTEMBER 9,694,112 1,070,464 223,454

OCTOBER 11,131,110 1,134,348 241,438

NOVEMBER 9,756,944 1,025,850 214,518

DECEMBER 11,049,546 1,110,512 228,028

TOTAL 125,636,512 12,837,002 2,683,552

NUMBER OF VEHICLES

CLASS 4 CLASS 5 OTHER TOTAL

139,566 1,536 33,786 11,640,570

138,210 1,478 32,282 10,822,720

178,840 1,456 40,314 12,060,274

Motorways and BridgesAssets Subject to Privatization --- Bridges

by Vehicle Class

11

193,492 1,742 50,890 12,226,492

201,374 1,618 61,420 12,790,688

205,574 1,640 69,246 12,422,122

207,862 1,668 69,790 12,128,450

201,572 1,382 66,334 12,088,498

208,232 1,548 53,794 11,251,604

228,090 1,444 57,362 12,793,792

197,586 1,256 40,052 11,236,206

223,744 1,414 42,080 12,655,324

2,324,142 18,182 617,350 144,116,740

GROSS INCOME

CLASS 1 CLASS 2 CLASS 3

JANUARY 12,815,405 1,295,419 652,590

FEBRUARY 11,869,832 1,209,822 610,387

MARCH 13,227,100 1,368,768 683,744

APRIL 13,349,851 1,394,681 706,548

Privatization of Motorways Assets Subject to Privatization

Income Breakdown for Vehicles on Bridges in

APRIL 13,349,851 1,394,681 706,548

MAY 13,997,841 1,448,624 735,226

JUNE 13,465,551 1,470,604 761,792

JULY 13,075,652 1,446,401 783,917

AUGUST 13,133,311 1,410,262 749,364

SEPTEMBER 11,344,700 1,252,298 635,200

OCTOBER 13,980,963 1,474,653 772,602

NOVEMBER 11,161,571 1,198,533 640,372

DECEMBER 13,926,558 1,443,666 729,690

TOTAL 155,348,335 16,413,731 8,461,432

Note: (1) Includes 18% VAT and 10% municipality share.

GROSS INCOME (TL) (1)

CLASS 4 CLASS 5 OTHER TOTAL

1,116,528 15,360 38,010 15,933,312

1,105,680 14,780 36,317 14,846,818

1,430,720 14,560 45,353 16,770,245

1,547,936 17,420 57,251 17,073,687

Motorways and BridgesAssets Subject to Privatization --- Bridges

Income Breakdown for Vehicles on Bridges in 2009 --- by Vehicle Class

12

1,547,936 17,420 57,251 17,073,687

1,610,992 16,180 69,097 17,877,960

1,644,592 16,400 77,902 17,436,841

1,662,896 16,680 78,514 17,064,060

1,612,576 13,820 74,626 16,993,959

1,502,720 13,540 58,316 14,806,774

1,824,720 14,440 64,532 18,131,910

1,521,504 12,060 45,059 14,579,099

1,789,952 14,140 47,340 17,951,346

18,370,816 179,380 692,317 199,466,011

§ Privatization of Motorways and Bridges: Scope ………………………………………………………………………

§ Bridges ……………………………………………………………………………………………………………………

§ Motorways …………………………………………………………………………………………………………………

§ Service Facilities …………………………………………………………………………………………………………

TABLE OF CONTENTS

§ Service Facilities …………………………………………………………………………………………………………

……………………………………………………………………….2

……………………………………………………………………………………………………………………...13

…………………………………………………………………………………………………………………24

…………………………………………………………………………………………………………..51

13

…………………………………………………………………………………………………………..51

Assets Subject to Privatization

Boğaziçi Bridge (The Bosphorus Bridge)

Bridges

Ø Opening Date : 29 October 1973

Ø Length : 1,074 meters (main body)

Ø Height : 64 meters

Ø Type : Suspension Bridge

Ø Number of Lanes : 2x3 lanes

Ø Number of Toll Areas : 1

Ø Number of Toll Booths : 12

Ø Toll Collection Systems : 7 OGS Automated Payment Units

5 KGS Automated Payment Units

ØMaintenance-Ops Center: 1

Ø Construction Cost : USD 44.5 million (at 1973 prices

Assets Subject to Privatization

14

Automated Payment Units (Exit)

Automated Payment Units (Exit)

prices)

Number of Vehicles, Income and Expenses on

YEARNUMBER OF VEHICLES (1)

(million)

GROSS INCOME (2)

(TL million)

2000 67.3 33.1

2001 62.7 53.6

2002 64.5 52.2

Assets Subject to PrivatizationBridges

2003 65.8 65.8

2004 66.3 82.1

2005 64.9 86.0

2006 63.2 83.3

2007 66.3 98.5

2008 67.2 87.7

2009 65.7 84.9

Notes: (1) Vehicles have been taken for both ways.(2) Includes 18% VAT and 10% municipality share. Due to a court decision that decreased the toll rates in 2008realized below than that of previous year’s. (3) Expenses of year 2000 could not be provided due to not having the proper

Number of Vehicles, Income and Expenses on Boğaziçi Bridge, 2000-2009GROSS

INCOME(US$ million)

EXPENSES (3)

(TL million)EXPENSES

(US$ million)

53.0

43.8 1.7 1.4

34.7 1.9 1.3

Assets Subject to Privatization

15

44.1 2.7 1.8

57.7 3.2 2.3

64.2 6.9 5.1

58.4 6.7 4.7

75.8 6.1 4.7

67.5 3.1 2.4

54.9 3.2 2.0

(2) Includes 18% VAT and 10% municipality share. Due to a court decision that decreased the toll rates in 2008, the gross income in 2008 was

not having the proper separation of data among the motorway sections.

YEAR CLASS 1 CLASS 2 CLASS 3

2000 61,384,260 745,614 3,618,470

2001 58,585,800 1,330,414 1,965,118

2002 62,778,832 1,687,604 61,042

Assets Subject to PrivatizationBridges

Number of Vehicles on Boğaziçi Bridge, 2000 –

1,687,604 61,042

2003 63,337,320 2,200,212 223,902

2004 63,678,544 2,398,848 259,986

2005 61,966,412 2,692,298 280,396

2006 59,766,174 2,977,718 287,024

2007 62,375,702 3,340,376 219,250

2008 63,029,630 3,482,012 204,108

2009 61,555,824 3,265,238 151,066

Note: (1) Vehicles have been taken for both ways.

CLASS 4 CLASS 5 OTHER TOTAL (1)

275,412 255,172 972,380 67,251,308

134,428 205,776 470,200 62,691,736

764 264 --- 64,528,506

Assets Subject to Privatization

– 2009 --- by Vehicle Class

16

764 264

1,018 88 --- 65,762,540

788 28 --- 66,338,194

796 48 --- 64,939,950

714 52 139,594 63,171,276

804 92 377,522 66,313,746

1,770 144 474,238 67,191,902

303,744 228 461,412 65,737,512

Income from Boğaziçi Bridge, 2000 - 2009 --- by Toll Collection System

YEAR OGS Income(TL)

KGS Income(TL)

2000 3,917,694 ---

2001 10,603,517 ---

2002 12,112,085 ---

Assets Subject to PrivatizationBridges

2003 21,115,541 ---

2004 32,206,898 ---

2005 39,529,707 1,599,326

2006 61,208,405 13,110,432

2007 73,540,172 24,990,005

2008 61,979,556 25,682,864

2009 56,090,779 28,788,002

Note: (1) Includes 18% VAT and 10% municipality share.

by Toll Collection System

Income(TL)

Cash Income(TL) TOTAL (1)

--- 29,144,977 33,062,671

--- 43,012,983 53,616,500

--- 40,100,312 52,212,397

Assets Subject to Privatization

17

--- 44,701,588 65,826,129

--- 49,926,780 82,133,678

1,599,326 44,857,596 85,986,629

13,110,432 8,988,934 83,307,771

24,990,005 --- 98,530,177

25,682,864 --- 87,662,420

28,788,002 --- 84,878,781

Income from Boğaziçi Bridge, 2009 --- by Toll Collection System and Vehicle Class

VEHICLE CLASS

OGS KGS

INCOME(TL) (1) VEHICLES(2) INCOME

(TL) (1) VEHICLES

CLASS 1 50,184,906 40,444,810 27,014,327 21,111,014

Assets Subject to PrivatizationBridges

CLASS 1 50,184,906 40,444,810 27,014,327 21,111,014

CLASS 2 3,053,322 2,348,708 1,191,492 916,530

CLASS 3 440,327 137,602 43,086 13,464

CLASS 4 2,412,224 301,528 17,728 2,216

CLASS 5 0 0 2,280 228

OTHER 0 0 519,089 461,412

TOTAL 56,090,779 43,232,648 28,788,002 22,504,864

Notes: (1) Includes 18% VAT and 10% municipality share.(2) Vehicles have been taken for both ways.

by Toll Collection System and Vehicle Class

CASH TOTAL

VEHICLES(2) INCOME(TL) (1) VEHICLES(2) INCOME

(TL) (1) VEHICLES(2)

21,111,014 --- --- 77,199,233 61,555,824

Assets Subject to Privatization

18

21,111,014 --- --- 77,199,233 61,555,824

916,530 --- --- 4,244,814 3,265,238

13,464 --- --- 483,413 151,066

2,216 --- --- 2,429,952 303,744

228 --- --- 2,280 228

461,412 --- --- 519,089 461,412

22,504,864 --- --- 84,878,781 65,737,512

Fatih Sultan Mehmet Bridge

Ø Opening Date : 3 July 1988

Ø Length : 1,510 meters

Ø Height : 64 meters

Ø Type : Suspension Bridge

Assets Subject to PrivatizationBridges

Ø Number of Lanes : 2x4 lanes

Ø Number of Toll Areas : 1

Ø Number of Toll Booths : 21

Ø Toll Collection Systems : 9 OGS Automated Payment Units (Exit)

12 KGS Automated Payment Units (Exit)

ØMaintenance-Ops Center: 1

Ø Construction Cost : USD 144.4 million (at 1988 prices

Assets Subject to Privatization

19

Automated Payment Units (Exit)

Automated Payment Units (Exit)

prices)

YEARNUMBER OF VEHICLES (1)

(million)

GROSS INCOME (2)

(TL million)

2000 62.7 38.9

2001 57.2 55.9

2002 56.3 49.7

Assets Subject to PrivatizationBridges

Number of Vehicles, Income and Expenses on Fatih Sultan Mehmet Bridge,

2003 60.4 70.2

2004 67.6 98.5

2005 71.7 111.6

2006 76.2 129.4

2007 81.0 155.3

2008 78.8 122.8

2009 78.4 114.6

Notes: (1) Vehicles have been taken for both ways.(2) Includes 18% VAT and 10% municipality share. Due to a court decision that decreased the toll rates in 2008, the gross inrealized below than that of previous year’s. (3) Expenses of year 2000 could not be provided due to not having the proper

GROSS INCOME

(US$ million)

EXPENSES (3)

(TL million)EXPENSES

(US$ million)

62.4

45.6 6.9 5.6

33.0 8.8 5.9

Assets Subject to Privatization

Number of Vehicles, Income and Expenses on Fatih Sultan Mehmet Bridge, 2000-2009

20

47.0 10.5 7.0

69.2 14.2 10.0

83.3 20.0 15.0

90.7 17.2 12.1

119.4 17.2 13.2

95.0 18.9 14.6

74.1 27.1 17.5

(2) Includes 18% VAT and 10% municipality share. Due to a court decision that decreased the toll rates in 2008, the gross income in 2008 was

not having the proper separation of data among the motorway sections.

YEAR CLASS 1 CLASS 2 CLASS 3

2000 42,194,440 134,096 13,223,932

2001 42,355,540 2,390,636 7,891,738

2002 46,290,740 6,935,992 2,223,450

Assets Subject to PrivatizationBridges

Number of Vehicles on Fatih Sultan Mehmet Bridge, 2000

2003 49,603,648 7,428,308 2,284,372

2004 56,032,770 7,850,136 2,366,206

2005 60,007,148 7,850,498 2,329,236

2006 59,663,957 11,687,226 3,012,508

2007 67,216,728 9,033,092 2,662,924

2008 64,144,822 9,640,364 2,715,916

2009 64,080,688 9,571,764 2,532,486

Note: (1) Vehicles have been taken for both ways.

CLASS 4 CLASS 5 OTHER TOTAL (1)

245,026 1,255,082 5,652,224 62,704,800

409,696 1,580,628 2,549,978 57,178,216

891,848 4,016 --- 56,346,046

Assets Subject to Privatization

Bridge, 2000–2009 --- by Vehicle Class

21

---

1,097,098 4,666 --- 60,418,092

1,392,822 4,400 --- 67,646,334

1,532,428 10,604 --- 71,729,914

1,777,400 20,966 21,636 76,183,693

2,043,520 21,708 63,310 81,041,282

2,147,660 24,192 144,138 78,817,092

2,020,398 17,954 155,938 78,379,228

YEAR OGS Income(TL)

KGS Income(TL)

2000 3,462,932 ---

2001 8,909,760 ---

2002 9,452,580 ---

Assets Subject to PrivatizationBridges

Income from Fatih Sultan Mehmet Bridge, 2000

2003 20,108,211 ---

2004 33,133,639 ---

2005 42,064,459 4,606,872

2006 52,087,600 19,157,261

2007 59,750,112 32,739,888

2008 56,242,674 52,660,521

2009 52,825,543 61,761,687

Note: (1) Includes 18% VAT and 10% municipality share.

Income(TL)

Cash Income(TL) TOTAL (1)

--- 35,434,289 38,897,221

--- 46,990,651 55,900,411

--- 40,234,917 49,687,497

Assets Subject to Privatization

2000 - 2009 --- by Toll Collection System

22

--- 50,139,030 70,247,241

--- 65,372,445 98,506,084

4,606,872 64,940,759 111,612,090

19,157,261 58,116,780 129,361,641

32,739,888 62,793,993 155,283,993

52,660,521 13,939,783 122,842,978

61,761,687 --- 114,587,230

VEHICLE CLASS

OGS KGS

INCOME(TL) (1) VEHICLES(2) INCOME

(TL) (1) VEHICLES

CLASS 1 45,273,407 37,335,984 32,875,695 26,744,704

Assets Subject to PrivatizationBridges

Income from Fatih Sultan Mehmet Bridge, 2009 Class

CLASS 2 6,162,432 4,880,112 6,006,485 4,691,652

CLASS 3 1,372,520 440,196 6,605,499 2,092,290

CLASS 4 17,184 2,214 15,923,680 2,018,184

CLASS 5 0 0 177,100 17,954

OTHER 0 0 173,228 155,938

TOTAL 52,825,543 42,658,506 61,761,687 35,720,722

Notes: (1) Includes 18% VAT and 10% municipality share.(2) Vehicles have been taken for both ways .

CASH TOTAL

VEHICLES(2) INCOME(TL) (1) VEHICLES(2) INCOME

(TL) (1) VEHICLES(2)

26,744,704 --- --- 78,149,102 64,080,688

Assets Subject to Privatization

2009 --- by Toll Collection System and Vehicle

23

4,691,652 --- --- 12,168,917 9,571,764

2,092,290 --- --- 7,978,019 2,532,486

2,018,184 --- --- 15,940,864 2,020,398

17,954 --- --- 177,100 17,954

155,938 --- --- 173,228 155,938

35,720,722 --- --- 114,587,230 78,379,228

§ Privatization of Motorways and Bridges: Scope ………………………………………………………………………

§ Bridges ………………………………………………………………………………………………………………………

§ Motorways …………………………………………………………………………………………………………………

§ Service Facilities …………………………………………………………………………………………………………

TABLE OF CONTENTS

§ Service Facilities …………………………………………………………………………………………………………

………………………………………………………………………..2

………………………………………………………………………………………………………………………13

………………………………………………………………………………………………………………….24

…………………………………………………………………………………………………………...51

24

…………………………………………………………………………………………………………...51

Assets Subject to Privatization

Edirne – İstanbul – Ankara Motorway

Edirne – İstanbul – Ankara

Light Vehicles

Total Indicates Annual Average Daily Traffic

Heavy Vehicles

Assets Subject to PrivatizationAnkara Motorway

25

Assets Subject to Privatization

Edirne – Istanbul Motorway

Edirne – Istanbul – Ankara Assets Subject to Privatization

Ankara Motorway

26

Assets Subject to Privatization

Edirne – Istanbul Motorway

Edirne – Istanbul – Ankara

Ø Opening Date : 1987 Edirne Western – Eastern Junction

1992 – 1994 Edirne – Kınalı

1992 - 1997 Kınalı - Mahmutbey

ØMotorway Length : 232 Km.

Ø Connection Road : 47 Km. (2x2 lanes)

Ø Number of Lanes : 180 km 2x3 lanes , rest 2x2 lanes

Ø Structure : Bituminous Asphaltic Concrete

Ø Construction Cost : USD 2 billion

Assets Subject to PrivatizationAnkara Motorway

Junction

27

Assets Subject to Privatization

Edirne – Istanbul Motorway

Edirne – Istanbul – Ankara

Ø Tunnels : N/A

Ø Viaducts : 20 Viaducts (10,461 meters)

Ø Number of Toll Areas : 16

Ø Number of Toll Booths : 199

Ø Parking Areas : 8

Ø Service Areas : 3

YEAR NUMBER OF INCOME INCOME

Ø

Ø

Ø

YEAR NUMBER OF VEHICLES (Million)

INCOME(TL Million)

INCOME(US$ Million

2000 25.1 18.8 30.1

2001 19.9 38.8 31.7

2002 23.3 36.8 24.5

2003 30.1 42.5 28.5

2004 37.0 62.9 44.2

2005 41.4 73.6 54.9

2006 46.2 87.5 61.3

2007 50.7 105.9 81.5

2008 51.5 102.2 79.0

2009 52.8 101.3 65.5

Notes: (1) Only the toll collectionphysically locatedexpenses of the Center

Assets Subject to PrivatizationAnkara Motorway

INCOME INCOME (US$) EXPENSES (1) EXPENSES

Ø Toll Collection Systems:53 OGS Automated Payment Units (26 Entry, 27 Exits)

60 KGS Automated Payment Units (29 Entry, 31 Exits)

86 Cash Payment Units (42 Entry, 44 Exits)

ØMaintenance-Ops Centers: 4 Centers

Ø Toll Collection Centers : 16 Centers

28

INCOMEMillion)

INCOME (US$) / VEHICLE

EXPENSES(TL Million)

EXPENSES(US$ Million)

30.1 1.20

31.7 1.59 8.1 6.6

24.5 1.05 10.9 7.3

28.5 0.94 16.1 10.8

44.2 1.19 18.7 13.1

54.9 1.33 22.1 16.5

61.3 1.33 28.2 19.8

81.5 1.61 27.6 21.2

79.0 1.53 33.2 25.7

65.5 1.24 31.5 20.4

collection expense of Kavacık Maintenance and Operations Center, which wasin Edirne – Istanbul Motorway, was included to this section’s expenses. Other

Center are assumed as belonging to the FSM Bridge and Peripheral Motorway.

Edirne – İstanbul Motorway --- Number of Vehicles and Income by Section,

EDİRNE

EDİRNE – KINALI SECTION

VEHICLES INCOME (

JANUARY 287,917 1,008,434

FEBRUARY 269,445 947,106

MARCH 313,608 1,110,167

Assets Subject to PrivatizationEdirne – Istanbul – Ankara

MARCH 313,608 1,110,167

APRIL 343,241 1,193,161

MAY 378,502 1,312,929

JUNE 393,900 1,349,059

JULY 424,595 1,440,606

AUGUST 470,731 1,705,590

SEPTEMBER 322,093 1,148,159

OCTOBER 381,947 1,358,419

NOVEMBER 288,756 1,028,782

DECEMBER 340,217 1,198,265

TOTAL 4,214,952 14,800,677

Number of Vehicles and Income by Section, 2009

EDİRNE – İSTANBUL MOTORWAY

SECTION KINALI – MAHMUTBEY SECTION

INCOME (TL) VEHICLES INCOME (TL)

1,008,434 3,480,288 6,089,113

947,106 3,268,751 5,750,999

1,110,167 3,650,711 6,479,045

Assets Subject to PrivatizationAnkara Motorway

29

1,110,167 3,650,711 6,479,045

1,193,161 3,901,254 6,953,472

1,312,929 4,264,504 7,607,272

1,349,059 4,532,673 8,137,023

1,440,606 4,867,627 8,958,134

1,705,590 4,624,276 8,315,069

1,148,159 3,609,313 6,445,641

1,358,419 4,483,688 7,932,644

1,028,782 3,567,148 6,303,026

1,198,265 4,304,241 7,547,651

14,800,677 48,554,474 86,519,089

Assets Subject to Privatization

Istanbul - Ankara Motorway

Edirne – Istanbul – Ankara Assets Subject to Privatization

Ankara Motorway

30

Assets Subject to Privatization

İstanbul – Ankara Motorway

Edirne – Istanbul – Ankara

Ø Opening Date : 1990 – 1992 Çamlıca – Gebze

1990 – 1992 İzmit – Sakarya

1992 – 1994 Kazancı-Gerede-Ankara

2007 Bolu Mountain Passage

ØMotorway Length : 403 Km.

Ø Connection Road : 42 Km. (36 km. 2x2, 6 km. 1x1 lanes)

Ø Number of Lanes : 2x3 lanes

Ø Structure : Bituminous Asphaltic Concrete

Ø Construction Cost : USD 4 billion

Assets Subject to PrivatizationAnkara Motorway

Ankara

31

42 Km. (36 km. 2x2, 6 km. 1x1 lanes)

Assets Subject to Privatization

Istanbul – Ankara Motorway

Edirne – Istanbul – Ankara

Ø Tunnels : 6 Tunnels (Appr. 5,835 meters)

Ø Viaducts : 36 Viaducts (Appr. 13,760 meters

Ø Number of Toll Areas : 26

Ø Number of Toll Booths: 250

Ø Parking Areas : 14

Ø Service Areas : 9

YEAR NUMBER OF VEHICLES (Million)

INCOME(TL Million)

INCOME(US$ Million

2000 38.8 31.9 51.1

2001 32.0 63.4 51.8

2002 34.2 57.9 38.4

2003 38.9 61.7 41.3

2004 45.2 89.2 62.7

2005 50.0 104.0 77.6

2006 61.3 133.7 93.8

2007 66.2 191.0 146.9

2008 69.5 194.4 150.3

2009 71.6 194.0 125.4

Note: (1) Expenses of year 2000 could not be provided due to not having the proper

Assets Subject to PrivatizationAnkara Motorway

ers)

Ø Toll Collection Systems:123 OGS Automated Payment Units (57 Entry, 66 Exits)140 KGS Automated Payment Units (65 Entry, 75 Exits)12 Cash Payment Units (7 Entry, 5 Exits)

ØMaintenance-Ops Centers: 8 CentersØ Toll Collection Centers : 28 CentersØ Tunnel Operation Centers: 2 Center

32

INCOMEMillion)

INCOME (US$) /VEHICLE

EXPENSES (1)

(TL Million)EXPENSES

(US$ Million)

51.1 1.32

51.8 1.62 17.3 14.2

38.4 1.12 27.0 17.9

41.3 1.06 31.7 21.2

62.7 1.38 40.5 28.4

77.6 1.55 52.9 39.5

93.8 1.53 62.3 43.7

146.9 2.22 69.7 53.6

150.3 2.16 70.9 54.9

125.4 1.75 82.1 53.1

proper separation of data among the motorway sections.

İstanbul – Ankara Motorway --- Number of Vehicles and Income by Section,

İSTANBUL

ÇAMLICA – HENDEK SECTION

GÜMÜŞOVA

VEHICLES INCOME (TL) VEHICLES

JANUARY 4,906,189 10,309,996 101,786

FEBRUARY 4,583,647 9,754,394 101,546

Assets Subject to PrivatizationEdirne – Istanbul – Ankara

MARCH 5,074,593 10,931,895 109,985

APRIL 5,319,309 11,620,561 121,311

MAY 5,634,847 12,450,687 131,989

JUNE 5,688,714 12,895,956 148,645

JULY 5,955,900 14,019,103 183,693

AUGUST 5,862,988 14,260,718 173,499

SEPTEMBER 4,861,546 11,261,181 118,345

OCTOBER 5,811,892 13,146,501 140,200

NOVEMBER 4,629,568 10,283,976 104,044

DECEMBER 5,651,734 12,302,653 119,730

TOTAL 63,980,927 143,237,621 1,554,773

Number of Vehicles and Income by Section, 2009

İSTANBUL –ANKARA MOTORWAY

GÜMÜŞOVA – KAYNAŞLI SECTION

BOLU – ANKARA SECTION

VEHICLES INCOME (TL) VEHICLES INCOME (TL)

487,525 346,921 2,596,845

481,772 350,032 2,631,901

Assets Subject to PrivatizationAnkara Motorway

33

525,218 404,265 3,039,558

570,579 455,437 3,342,391

615,849 526,087 3,794,202

683,580 605,804 4,314,414

820,106 837,253 5,771,777

797,684 674,363 4,516,734

553,929 464,459 -3,354,185

656,061 535,753 3,880,353

486,704 395,406 3,012,428

567,344 428,766 3,241,642

1,554,773 7,246,351 6,024,546 43,511,586

Assets Subject to Privatization

Ankara Peripheral Motorway

Edirne – Istanbul – Ankara

Ø Opening Date : Opened in 1993; construction work

was completed in 1998

ØMotorway Length : 110 Km.

Ø Connection Road : 4 Km. (2x2 lanes)

Ø Number of Lanes : 2x4 lanes (107 km), 2x3 lanes (3 km)

Ø Structure : Bituminous Asphaltic Concrete

Ø Construction Cost : USD 888 million

Ø Viaducts : 1 Viaduct (588 meters)

Assets Subject to PrivatizationAnkara Motorway

; construction work

34

lanes (3 km)

Istanbul – Fatih Sultan Mehmet Bridge – Anatolia Motorway

Istanbul – Fatih Sultan Mehmet

Ø Opening Date : 1988

ØMotorway Length : 35 Km.

Ø Number of Lanes : 34 km 2x4 lanes, rest 2x3 lanes,

Assets Subject to Privatization

Ø Structure : Bituminous Asphaltic Concrete

Ø Construction Cost : USD 391.5 million

Ø Number of Tunnels : 1 Tunnel (245 meters)

Ø Number of Viaducts : 7 Viaducts (Appr. 2,705 meters)

Anatolia Motorway

Fatih Sultan Mehmet Bridge - Anatolia MotorwayAssets Subject to Privatization

35

Assets Subject to Privatization

İzmir – Çeşme Motorway

İzmir – Çeşme Motorway

Light Vehicles

Total Indicates Annual Average Daily Traffic

Heavy Vehicles

Assets Subject to PrivatizationMotorway

36

Assets Subject to Privatization

İzmir – Çeşme Motorway

İzmir – Çeşme Motorway

Ø Opening Date : 1993 İzmir – Karaburun Junction

1993 – 1995 Karaburun – Zeytinler

1996 Alaçatı - Çeşme

Construction was completed in 1996

ØMotorway Length : 79 Km.

Ø Connection Road : 12 Km. (2x2 lanes)

Ø Number of Lanes : 2x2 lanes (11 km.), 2x3 lanes (68 km

Ø Structure : Bituminous Asphaltic Concrete

Ø Construction Cost : USD 607 million

Assets Subject to PrivatizationMotorway

Zeytinler Junction

37

1996

68 km.)

Assets Subject to Privatization

İzmir – Çeşme Motorway

İzmir – Çeşme Motorway

Ø Tunnels : N/A

Ø Viaducts : 2 Viaducts (1,230 meters)

Ø Number of Toll Areas : 7

Ø Number of Toll Booths: 75

Ø Parking Areas : 1

Ø Service Areas : 1

YEAR NUMBER OF INCOME INCOMEYEAR NUMBER OF VEHICLES (Million)

INCOME(TL Million)

INCOME(US$ Million

2000 3.7 2.2 3.5

2001 2.6 3.6 2.9

2002 4.2 3.7 2.5

2003 4.8 4.9 3.3

2004 5.3 6.7 4.7

2005 5.9 7.5 5.6

2006 6.5 9.3 6.6

2007 7.3 11.4 8.8

2008 7.8 11.6 9.0

2009 8.9 12.8 8.3

Note: (1) Expenses of year 2000 could not be provided due to not having the proper separation of data among the motorway sections.

Assets Subject to PrivatizationMotorway

INCOME INCOME (US$) EXPENSES (1) EXPENSES

Ø Toll Collection Systems:

19 OGS Automated Payment Units (8 Entry, 11 Exits)

29 KGS Automated Payment Units (13 Entry, 16 Exits)

27 Cash Payment Units (13 Entry, 14 Exits)

ØMaintenance – Ops Centers: 1 Center

Ø Toll Collection Centers : 7 Centers

38

INCOMEMillion)

INCOME (US$) / VEHICLE

EXPENSES (1)

(TL Million)EXPENSES

(US$ Million)

3.5 0.94

2.9 1.13 1.9 1.6

2.5 0.60 3.3 2.2

3.3 0.70 3.8 2.6

4.7 0.89 5.3 3.7

5.6 0.95 8.0 6.0

6.6 1.00 8.1 5.7

8.8 1.21 7.7 5.9

9.0 1.15 8.3 6.4

8.3 0.94 8.7 5.7

Expenses of year 2000 could not be provided due to not having the proper separation of data among the motorway sections.

İzmir – Çeşme Motorway --- Number of Vehicles and Income by Section,

VEHICLES

JANUARY 448,134FEBRUARY 417,766

MARCH 498,595APRIL 601,108

Assets Subject to Privatizationİzmir – Çeşme Motorway

APRIL 601,108MAY 781,735JUNE 968,743JULY 1,322,577

AUGUST 1,288,361SEPTEMBER 794,459

OCTOBER 633,509NOVEMBER 569,651DECEMBER 530,082

TOTAL 8,854,720

Number of Vehicles and Income by Section, 2009

İZMİR – ÇEŞME MOTORWAY

VEHICLES INCOME (TL)

448,134 642,432

417,766 602,136

498,595 716,214

601,108 871,650

Assets Subject to PrivatizationMotorway

39

601,108 871,650

781,735 1,142,187

968,743 1,331,077

1,322,577 1,970,832

1,288,361 1,914,204

794,459 1,167,155

633,509 903,943

569,651 823,225

530,082 742,514

8,854,720 12,827,569

Assets Subject to Privatization

İzmir – Aydın Motorway

İzmir – Aydın Motorway

Light Vehicles

Total Indicates Annual Average Daily Traffic

Heavy Vehicles

Assets Subject to PrivatizationMotorway

40

Assets Subject to Privatization

İzmir – Aydın Motorway

İzmir – Aydın Motorway

Ø Opening Date : 1996 Tahtalı Junction

1998 Belevi – Şevketiye

2003 – 2004 Germencik – Aydın

Construction was completed in 2004

ØMotorway Length : 97 Km.

Ø Connection Road : 17 Km. (2x2 lanes)

Ø Şerit Sayısı : 2x3 lanes

Ø Structure : Bituminous Asphaltic Concrete

Ø Construction Cost : USD 1.391 billion

Assets Subject to PrivatizationMotorway

41

2004

Assets Subject to Privatization

İzmir – Aydın Motorway

İzmir – Aydın Motorway

Ø Tunnels : 1 Tunnel (Appr. 3,031 meters)

Ø Viaducts : 3 Viaducts (1,197 meters)

Ø Number of Toll Areas : 6

Ø Number of Toll Booths: 88

Ø Parking Areas : 4

Ø Service Areas : 1YEAR NUMBER OF

VEHICLES (Million)INCOME

(TL Million)INCOME

(US$ MillionVEHICLES (Million) (TL Million) (US$ Million

2000 5.4 3.2 5.1

2001 4.7 8.7 7.1

2002 5.1 7.6 5.0

2003 6.2 9.0 6.1

2004 7.8 13.6 9.6

2005 8.5 15.5 11.6

2006 9.5 19.1 13.4

2007 11.2 23.1 17.8

2008 12.1 23.4 18.1

2009 11.7 23.0 14.8Note: (1) Expenses of İzmir Peripheral

million TL (2.7 million US$İzmir - Aydın Motorway expenseExpenses of year 2000 couldmotorway sections.

Assets Subject to PrivatizationMotorway

INCOMEMillion)

INCOME (US$) / VEHICLE

EXPENSES (1)

(TL Million)EXPENSES

(US$ Million)

Ø Toll Collection Systems:14 OGS Automated Payment Units (7 Entry, 7 Exits)29 KGS Automated Payment Units (13 Entry, 16 Exits)26 Cash Payment Units (16 Entry, 20 Exits)

ØMaintenance – Ops Center : 2 Centers

Ø Toll Collection Centers : 6 Centers

Ø Tunnel Operation Centers : 1 Center

42

Million) / VEHICLE (TL Million) (US$ Million)

5.1 0.95

7.1 1.50 3.3 2.7

5.0 0.98 7.7 5.1

6.1 0.97 8.2 5.5

9.6 1.23 10.3 7.2

11.6 1.36 20.0 15.0

13.4 1.40 16.6 11.6

17.8 1.58 20.6 15.8

18.1 1.50 17.7 13.7

14.8 1.27 21.4 13.8Peripheral Motorway amounting to 5.8 million TL (4.5 million US$) in 2007, 3.5

$) in 2008 and 3.8 million TL (2.4 million US$) in 2009 are included into theexpenses.

could not be provided due to not having the proper separation of data among the

İzmir – Aydın Motorway --- Number of Vehicles and Income by Section,

VEHICLES

JANUARY 754,859FEBRUARY 715,439

MARCH 779,870

APRIL 877,980

Assets Subject to Privatizationİzmir – Aydın Motorway

APRIL 877,980

MAY 988,034

JUNE 1,101,730

JULY 1,406,002

AUGUST 1,334,365

SEPTEMBER 1,055,921

OCTOBER 946,650NOVEMBER 900,495DECEMBER 849,877

TOTAL 11,711,222

Number of Vehicles and Income by Section, 2009

İZMİR – AYDIN MOTORWAY

VEHICLES INCOME (TL)

754,859 1,482,326715,439 1,409,249

779,870 1,537,917

877,980 1,738,423

Assets Subject to PrivatizationMotorway

43

877,980 1,738,423

988,034 1,941,029

1,101,730 2,153,369

1,406,002 2,717,650

1,334,365 2,570,929

1,055,921 2,075,317

946,650 1,874,445

900,495 1,784,810

849,877 1,680,236

11,711,222 22,965,700

Assets Subject to Privatization

İzmir Peripheral Motorway

İzmir Peripheral Motorway

Ø Opening Date : 1993 – 1998 Kemalpaşa– Işıkkent

2006 Sanayi Junction – Karşıyaka

Approx. 11 km. road still under construction

ØMotorway Length : 52 Km. (1)ØMotorway Length : 52 Km.

Ø Connection Road : 8 Km.

Ø Number of Lanes : 2x3 lanes

Ø Structure : Bituminous Asphaltic Concrete

Ø Construction Cost : USD 460 million

Ø Tunnel Operation Center: 1 Center

Ø Tunnels : 2 Tunnels (2,188 meters)

Ø Viaducts : 5 Viaducts (3,724 meters)

Note (1): 4 km motorway section between Organize San. Junc.completed in 2010 , is added to the total length of İzmir Peripheral Motorway.

Assets Subject to PrivatizationPeripheral Motorway

Işıkkent – Karabağlar

Karşıyaka Junction

km. road still under construction

44

Bituminous Asphaltic Concrete

Note (1): 4 km motorway section between Organize San. Junc.- Koyundere Junc., that will be completed in 2010 , is added to the total length of İzmir Peripheral Motorway.

Assets Subject to Privatization

Pozantı – Adana – Mersin Motorway

Pozantı – Adana – Mersin

Light Vehicle

TotalHeavy Vehicle

Assets Subject to PrivatizationMersin Motorway

45

Light Vehicles

Total Indicates Annual Average Daily Traffic

Heavy Vehicles

Assets Subject to Privatization

Pozantı – Adana – Mersin Motorway

Pozantı – Adana – Mersin

Ø Opening Date : 1981 Tarsus – Pozantı 14 km

1993 Tarsus – Pozantı 49 km

1992 – 1999 Tarsus – Mersin 59 km

1998 – 2000 Tarsus – Adana Junction

Construction was completed in 2000

ØMotorway Length : 197 Km.(1) (2) (3)

Ø Connection Road : 90 Km. (2x2 lanes)

Ø Number of Lanes : 114 km. 2x3 lanes , rest 2x4 lanes

Ø Structure : Bituminous Asphaltic Concrete

Ø Construction Cost : USD 1.75 billion

NOT: (1) Kemerhisar-Pozantı Motorway; 6.5 km section between Pozantı K5 Juncthat will be completed in 2010, is added to the total length.(2) Kemerhisar-Pozantı Motorway; 27 km section between Kemerhisar 1 (KGüney 1 (K12) Junc., that will be completed in 2011, is added to the total length(3) Kemerhisar-Pozantı Motorway; 20 km section between EminlikKemerhisar1 (K13) Junc., that started to operate in 2009 as state road, is addedlength.

Assets Subject to PrivatizationMersin Motorway

Mersin 59 km

Junction

2000.

46

lanes

Junc.-Pozantı1 Junc.,

(K13) Junc.-Niğdelength.

1 (K14) Junc.-added to the total

Assets Subject to Privatization

Pozantı – Adana – Mersin Motorway

Pozantı – Adana – Mersin

Ø Tunnels : 2 Tunnels (500 meters)

Ø Viaducts : 5 Viaducts (4,235 meters)

Ø Number of Toll Areas : 8

Ø Number of Toll Booths: 86

Ø Parking Areas : 6

Ø Service Areas : 4YEAR NUMBER OF INCOME INCOMEYEAR NUMBER OF

VEHICLES (Million)INCOME

(TL Million)INCOME

(US$ Million

2000 5.3 5.3 8.6

2001 4.4 11.7 9.6

2002 4.6 9.7 6.5

2003 5.3 10.3 6.9

2004 6.4 15.7 11.0

2005 6.0 15.5 11.6

2006 8.4 19.9 14.0

2007 9.3 23.6 18.1

2008 10.0 23.5 18.1

2009 11.0 25.2 16.3

Note: (1) Adana MaintenanceAdana–İskenderun–ŞanlıurfaCenter was distributed equallydue to not having the proper

Assets Subject to PrivatizationMersin Motorway

INCOME INCOME (US$) EXPENSES (1) EXPENSES

Ø Toll Collection Systems:16 OGS Automated Payment Units (8 Entry, 8 Exits)

35 KGS Automated Payment Units (16 Entry, 19 Exits)

35 Cash Payment Units (14 Entry, 21 Exits)

ØMaintenance-Ops Centers: 2 Centers

Ø Toll Collection Centers : 8 Centers

47

INCOMEMillion)

INCOME (US$) / VEHICLE

EXPENSES(TL Million)

EXPENSES(US$ Million)

8.6 1.61

9.6 2.18 3.0 2.4

6.5 1.39 5.9 3.9

6.9 1.29 4.8 3.2

11.0 1.71 6.5 4.6

11.6 1.93 9.4 7.0

14.0 1.67 11.1 7.8

18.1 1.95 10.7 8.2

18.1 1.82 13.4 10.4

16.3 1.48 15.2 9.9

Maintenance and Operations Center serves both Pozantı–Adana–Mersin Motorway andŞanlıurfa Motorway. Therefore, expenses of Adana Maintenance and Operations

equally to both Motorway sections. Expenses of year 2000 could not be providedproper separation of data among the motorway sections.

Assets Subject to Privatization

Adana – İskenderun – Şanlıurfa Motorway

Adana – İskenderun – Şanlıurfa

Light Vehicles

Total Indicates Annual Average Daily Traffic

Heavy Vehicles

Assets Subject to PrivatizationŞanlıurfa Motorway

48

Assets Subject to Privatization

Adana – İskenderun – Şanlıurfa Motorway

Adana – İskenderun – Şanlıurfa

Ø Opening Date : 1993 – 2000 Toprakkale - İskenderun

1993 – 1996 Toprakkale – Gaziantep

Western Junction

2001 Toprakkale – İskenderun Section4

2006 Birecik – Şanlıurfa (State Road

ØMotorway Length : 499 Km.(1)

Ø Connection Road : 82 Km. (2x2 lanes)

Ø Number of Lanes : 453 km. 2x3 lanes , rest 2x2 lanes

Ø Structure : Bituminous Asphaltic Concrete

Ø Construction Cost : USD 4 billion

Note: (1) Y Gaziantep-Ş.Urfa Motorway; 25 km section between Ş.Urfa North1 JunctionJunction , that will be completed in 2010, is added to the total length.

Assets Subject to PrivatizationŞanlıurfa Motorway

İskenderun

Gaziantep

Section4

49

State Road)1

Ş.Urfa Motorway; 25 km section between Ş.Urfa North1 Junction-University Junction , that will be completed in 2010, is added to the total length.

Assets Subject to Privatization

Adana – İskenderun – Şanlıurfa Motorway

Adana – İskenderun – Şanlıurfa

Ø Tunnels : 5 Tunnels (Appr. 4,838 meters)

Ø Viaducts : 24 Viaducts (Appr. 7,105 meters

Ø Number of Toll Areas : 21

Ø Number of Toll Booths: 184

Ø Parking Areas : 12

Ø Service Areas : 5YEAR NUMBER OF

VEHICLES (Million)INCOME

(TL Million)INCOME

(US$ MillionVEHICLES (Million) (TL Million) (US$ Million

2000 3.9 3.7 5.9

2001 3.9 8.5 6.9

2002 4.1 7.3 4.8

2003 5.8 10.0 6.7

2004 7.5 16.3 11.4

2005 8.9 20.9 15.6

2006 9.7 23.6 16.6

2007 11.0 32.6 25.1

2008 12.9 37.8 29.1

2009 14.2 48.2 31.1

Note: (1) Adana MaintenanceMotorway and Pozantı–AdanaOperations Center was distributedbe provided due to not having

Assets Subject to PrivatizationŞanlıurfa Motorway

rs)

INCOMEMillion)

INCOME (US$ ) / VEHICLE

EXPENSES (1)

(TL Million)EXPENSES

(US$ Million)

Ø Toll Collection Systems:42 OGS Automated Payment Units (21 Entry, 21 Exits)

72 KGS Automated Payment Units (34 Entry, 38 Exits)

70 Cash Payment Units (33 Entry, 37 Exits)

ØMaintenance – Ops Centers: 4 Centers

Ø Toll Collection Centers : 21 Centers

50

Million) / VEHICLE (TL Million) (US$ Million)

5.9 1.50

6.9 1.75 5.8 4.7

4.8 1.18 9.8 6.5

6.7 1.16 9.2 6.2

11.4 1.53 9.5 6.7

15.6 1.75 12.4 9.3

16.6 1.71 16.1 11.3

25.1 2.28 18.1 13.9

29.1 2.27 20.9 16.2

31.1 2.19 26.7 17.2

Maintenance and Operations Center serves both Adana–İskenderun–ŞanlıurfaAdana–Mersin Motorway. Therefore, expenses of Adana Maintenance and

distributed equally to both Motorway sections. Expenses of year 2000 could nothaving the proper separation of data among the motorway sections.

§ Privatization of Motorways and Bridges: Scope ………………………………………………………………………

§ Bridges ………………………………………………………………………………………………………………………

§ Motorways …………………………………………………………………………………………………………………

§ Service Facilities …………………………………………………………………………………………………………

TABLE OF CONTENTS

§ Service Facilities …………………………………………………………………………………………………………

………………………………………………………………………..2

………………………………………………………………………………………………………………………13

………………………………………………………………………………………………………………….24

…………………………………………………………………………………………………………...51

51

…………………………………………………………………………………………………………...51

General Overview

There are 4 types of Motorway Service Facilities; namelydining, resting, accommodation and fuel supply needs of motorway

Ø A-Type Facility: Fuel sales and service station, cafeteria,are included. A-type facilities are allowed within a minimum

Assets Subject to PrivatizationMotorway Service Facilities

Ø B-Type Facility: Fuel sales and service station, cafeteria,included. B-type facilities are allowed within a minimum

Ø C-Type Facility: Fuel sales and service station, cafeteria,facilities are allowed within a minimum of 50 km. distance

Ø D-Type Facility: Parking area, drinking fountain, WCallowed within a minimum of 20 km. distance.

namely Type A, Type B, Type C and Type D, which serve themotorway users.

cafeteria, restaurant, canteen, WC, telephone and motel facilitiesminimum of 200 – 250 km. distance.

Assets Subject to PrivatizationMotorway Service Facilities

52

cafeteria, restaurant, canteen, WC, telephone facilities areminimum of 50 km. distance.

cafeteria, canteen, WC, telephone facilities are included. C-typedistance.

WC and canteen facilities are included. D-type facilities are

Motorway Service Facilities (1 / 7)

Assets Subject to PrivatizationMotorway Service Facilities

MOTORWAYMOTORWAY SERVICE FACILITIY

NAME TYPE

Edirne TIR

Köseçiftliği D

Köseömer D

BABAESKİ C

Note: (1) BOT: Build-Operate-Transfer(2) Rent tender will be realized by General Directorate of National Estate Authority (3) Rent tender was realized by General Directorate of National Estate Authority .

O-3 Edirne-İstanbul (Mahmutbey)

BABAESKİ C

Hamitabad D

Akçaköy D

ÇERKEZKÖY B

Ağırmeşe D

Alipaşa (2) D

Muratbey (Single) (2) D

Ispartakule (2) D

SELİMPAŞA (3) A

Assets Subject to PrivatizationMotorway Service Facilities

MOTORWAY SERVICE FACILITIY CONTRACT TERMINATION DATE (1)TYPE KM.

TIR 15+700 Empty (No superstructure)

22+600 Operational 23-Sep-2031 (BOT)

37+750 Operational 23-Sep-2031 (BOT)

57+750 Operational 23-Sep-2031 (BOT)

53

Estate Authority . Tender process still continuing.(3) Rent tender was realized by General Directorate of National Estate Authority .

57+750 Operational 23-Sep-2031 (BOT)

75+665 Operational 23-Sep-2031 (BOT)

100+080 Operational 03-Nov-2013 (BOT)

124+920 Operational 03-Nov-2013 (BOT)

147+100 Operational RENT

168+894 Operational RENT

196+000 Operational RENT

220+441 Operational RENT

182+735 Operational RENT

Motorway Service Facilities (2 / 7)

Assets Subject to PrivatizationMotorway Service Facilities

MOTORWAYMOTORWAY SERVICE FACILITIY

NAME

Samandıra (3)

KURTKÖY (3)

Yumrukaya (2)

Tavşancıl (Single) (2)

O-4 İstanbul (Çamlıca)-Ankara

Tavşancıl (Single)

Hatipköy (Single) (2)

Gültepe (2)

TÜTÜNÇİFTLİK (2)

SAPANCA (Tepetarla)

SAPANCA (Derbent)

Yüzevler (Single)

Uzunkum (Single)

Alancuma

Note: (1) BOT: Build-Operate-Transfer(2) Rent tender will be realized by General Directorate of National Estate Authority (3) Rent tender was realized by General Directorate of National Estate Authority .

Assets Subject to PrivatizationMotorway Service Facilities

MOTORWAY SERVICE FACILITIY CONTRACT TERMINATION DATE (1)TYPE KM.

D 11+500 Operational RENT

B 27+450 Operational RENT

D 38+700 Operational RENT

D 56+600 Operational RENT

54

D 56+600 Operational RENT

D 82+600 Operational RENT

D 87+800 Operational RENT

B 76+000 Operational RENT

B 100+500 Operational RENT

B 112+600 Empty

D 120+250 Operational RENT

D 123+200 Operational RENT

D 133+800 Operational RENT

Estate Authority . Tender process still continuing.(3) Rent tender was realized by General Directorate of National Estate Authority .

Motorway Service Facilities (3 / 7)

Assets Subject to PrivatizationMotorway Service Facilities

MOTORWAYMOTORWAY SERVICE FACILITIY

NAME TYPE

HENDEK

Yeşilyayla (Single) D

Yeşilyayla (Single) D

ÜÇKÖPRÜ (2)

O-4 İstanbul (Çamlıca)-Ankara

ÜÇKÖPRÜ

ELMALIK A

Bolu D

Çaydurt D

DÖRTDİVAN

CANKURTARAN A

Tatlak TIR

Çamlıdere (3) D

ÇELTİKÇİ (3)

Note: (1) BOT: Build-Operate-Transfer(2) Rent tender will be realized by General Directorate of National Estate Authority (3) Rent tender was realized by General Directorate of National Estate Authority .

Assets Subject to PrivatizationMotorway Service Facilities

MOTORWAY SERVICE FACILITIY CONTRACT TERMINATION DATE (1)TYPE KM.

B 157+500 Operational 06-Feb-2019 (BOT)

D 172+500 Operational 06-Feb-2019 (BOT)

D 173+200 Operational 06-Feb-2019 (BOT)

B 207+500 Operational RENT

55

B 207+500 Operational RENT

A 227+800 Transfer of facility to be realized.

D 247+190 Operational 05-Oct-2024 (BOT)

D 268+090 Operational 05-Oct-2024 (BOT)

B 287+097 Operational 05-Oct-2024 (BOT)

A 314+597 Under Court

TIR 337+797 Empty

D 349+797 Operational RENT

B 387+597 Operational RENT

Estate Authority . Tender process still continuing.(3) Rent tender was realized by General Directorate of National Estate Authority .

Motorway Service Facilities (4 / 7)

Assets Subject to PrivatizationMotorway Service Facilities

MOTORWAYMOTORWAY SERVICE FACILITIY

NAME TYPE

O-30 İzmir Peripheral Motorway

BALÇOVA B

BAYRAKLI C

Karşıyaka (Single) D

Note: (1) BOT: Build-Operate-Transfer

Karşıyaka (Single) D

O-31 İzmir-Aydın

Torbalı D

SAĞLIK B

Selatin Kuzey (Single) D

Selatin Güney (Single) D

Germencik (Single) D

O-32 İzmir-Çeşme

URLA C

Zeytinler D

Çeşme (Single) TIR

Assets Subject to PrivatizationMotorway Service Facilities

MOTORWAY SERVICE FACILITIY CONTRACT TERMINATION DATE (1)

TYPE KM.

B 2+600 Operational 26-Oct-2023 (BOT)

C 34+564 Empty

D 41+065 Empty

56

D 41+065 Empty

D 51+000 Operational 23-Jan-2019 (BOT)

B 73+450 Operational 23-Jan-2019 (BOT)

D 90+750 Operational 09-Jul-2033 (BOT)

D 94+300 Operational 09-Jul-2033 (BOT)

D 104+400 Operational 09-Jul-2033 (BOT)

C 26+500 Operational 30-Apr-2024 (BOT)

D 68+000 Operational 30-Apr-2024 (BOT)

TIR 83+500 Operational 30-Apr-2024 (BOT)

Motorway Service Facilities (5 / 7)

Assets Subject to PrivatizationMotorway Service Facilities

MOTORWAYMOTORWAY SERVICE FACILITIY

NAME TYPE

O-21 Pozantı-Tarsus-MersinYeniköy D

DAMLAMA B

Bozön D

Note: (1) BOT: Build-Operate-Transfer

O-51 Mersin-Tarsus ZİYARETTEPE B

Akgedik D

O-52 Tarsus-Adana-G.Antep

Yenice D

ŞAMBAYADI A

Seyhan TIR

İncirlik D

YILANKALE C

Ceyhan D

O-53 Toprakkale-İskenderun Toprakkale D

Assets Subject to PrivatizationMotorway Service Facilities

MOTORWAY SERVICE FACILITIY CONTRACT TERMINATION DATE (1)KM.

41+600 Operational 16-Mar-2028 (BOT)

52+000 Operational 16-Mar-2028 (BOT)

9+500 Operational 08-Jun-2027 (BOT)

57

40+300 Operational 08-Jun-2027 (BOT)

53+105 Operational 08-Jun-2027 (BOT)

55+500 Operational 07-Jun-2023 (BOT)

68+200 Operational 07-Jun-2023 (BOT)

85+500 Operational 07-Jun-2023 (BOT)

93+200 Operational 07-Jun-2023 (BOT)

114+500 Operational 16-Mar-2028 (BOT)

129+000 Operational 16-Mar-2028 (BOT)

6+400 Operational 10-Mar-2028 (BOT)

Motorway Service Facilities (6 / 7)

Assets Subject to PrivatizationMotorway Service Facilities

MOTORWAYMOTORWAY SERVICE FACILITIY

NAME TYPE

O-52 Tarsus-Adana-G.Antep

Kürek DOSMANİYE C

Bahçe DÇAKMAK

Notes: (1) BOT: Build-Operate-Transfer (2) Facility was transferred to Hatay Tax Authority for 9 years via a protocol signed at (3) Left side of the Facility was transferred to the Directory of Education .

O-52 Tarsus-Adana-G.AntepÇAKMAK C

Narlı DGaziantep D

O-53 Toprakkale-İskenderun

Leçelik DERZİN B

Kuzuculu DKonaklı D

Karayılan DBEKBELE B

Assets Subject to PrivatizationMotorway Service Facilities

MOTORWAY SERVICE FACILITIY CONTRACT TERMINATION DATE (1)KM.

147+300 Operational 10-Mar-2028 (BOT)

164+500 Operational 10-Mar-2028 (BOT)

196+230 Operational 10-Mar-2028 (BOT)

Operational 09-Mar-2027 (BOT)

58

(2) Facility was transferred to Hatay Tax Authority for 9 years via a protocol signed at 06 /02/2007. (3) Left side of the Facility was transferred to the Directory of Education . Right side of the Facility is empty.

237+400 Operational 09-Mar-2027 (BOT)

261+600 Operational 09-Mar-2027 (BOT)

280+800 Operational 09-Mar-2027 (BOT)

180+500 Operational 09-Apr-2027 (BOT)

190+200 Operational 09-Apr-2027 (BOT)

200+000 Operational 09-Apr-2027 (BOT)

210+700 Operational 09-Apr-2027 (BOT)

220+000 Empty (2)

230+800 Empty (No superstructure)(3)

Motorway Service Facilities (7 / 7)

Assets Subject to PrivatizationMotorway Service Facilities

MOTORWAYMOTORWAY SERVICE FACILITIY

NAME TYPE

GAZİANTEP B

Kocatepe D

Nizip TIR

Note s: (1) BOT: Build-Operate-Transfer (2) Facility was transferred to the Directorate of Land Transportation and to be used as Weight Control Facility.

O-52 Gaziantep-ŞanlıurfaNizip TIR

BİRECİK B

Suruç D

ŞANLIURFA B

Kemerhisar-PozantıBAŞMAKÇI B

Kırkgeçit D

Assets Subject to PrivatizationMotorway Service Facilities

MOTORWAY SERVICE FACILITIY CONTRACT TERMINATION DATE (1)KM.

8+165 Under construction 04-Nov-2011 (BOT)

21+800 Under construction 04-Nov-2011 (BOT)

38+750 Under construction 04-Nov-2011 (BOT)

59

Facility was transferred to the Directorate of Land Transportation and to be used as Weight Control Facility.

38+750 Under construction 04-Nov-2011 (BOT)

69+150 Operational 20-Nov-2012 (BOT)

87+430 Operational 20-Nov-2012 (BOT)

106+300 Empty (No superstructure)(2)

330+000 At expropriation stage

340+050 At project stage

Türkiye Sınai Kalkınma BankasıCorporate Finance Department

Meclis-i Mebusan Cad. No: 161 34427 Fındıklı/ İstanbul TURKEY

Contact Information

Contact Details

Hakan Aygen

Head of Corporate Finance

(: + 90 (212) 334 53 40

6: + 90 (212) 243 29 75

*: [email protected]

Türkiye Sınai Kalkınma Bankası (TSKB)Corporate Finance Department

No: 161 34427 Fındıklı/ İstanbul TURKEY

Contact Information

60

Esin Yıldırım Uzun

Corporate Finance Manager

(: + 90 (212) 334 53 15

6: + 90 (212) 243 29 75

*: [email protected]