İka İzmir Otoyol Yapım Adi Ortaklığı (IC Ictas - Kalyon - Astaldi) JV

Izmir-Çandarlı Highway Project Employer: General Directorate of State Highways Contract Date: Apr 2017 Contractor : IC Ictas Insaat – Kalyon Insaat – Astaldi S.p.A Location : İzmir, Turkey Contract Type : Built, Operate and Transfer MENEMEN – ALIAGA- CANDARLI Highway Project involves: The construction of highways and link roads, viaducts, highway bridges between Menemen and Çandarlı port. Total length of project is approximately 76,8km with its connection roads. Fourteen junctions, 3 service areas, 7 motorway toll booths, 10 viaducts, and 11 bridges Highway Lanes: Main road 2x3 lanes, connection road 2x2 lanes Highway Length: 78 km (including connection roads) EUR 333 million of which for construction activities, for approximately 80 kilometres of the Menemen-Aliağa-Çandarlı Motorway in the province of İzmir. The construction activities will be performed by Astaldi (33% stake), with the Turkish companies IC Içtaş (34%) and Kalyon (33%). The transaction’s financial structure calls for the contribution of private capital for an amount equal to 20% of the total investment, which for Astaldi translates to approximately EUR 26 million to contribute by the end of the construction period. Operation activities call for a minimum guaranteed revenue guaranteed by the grantor, totalling EUR 45 million/year. Fourteen junctions, 3 service areas, 7 motorway toll booths, 10 viaducts, and 11 bridges are planned, in addition to the performance of all O&M (Operation and Maintenance) activities. The duration of the concession is equal to approximately 10 years, with 36 months for the construction phase and the remaining period for operation. The project’s customer is KGM, the General Directorate of Motorways of Turkey’s Ministry of Transport, which operates as Grantor. The tender process for Izmir-Menemen-Aliağa-Çandarlı Highway Project, which will connect Izmir to Çandarlı Port, has bee