Turkey plans for ports privatisation

25 Jul, 2004

Turkey plans to launch an international tender in the coming weeks for companies interested in participating in the privatisation of its ports, the country's transport minister said on Tuesday.
"I think that in the coming weeks we will launch a tender at the international level," Transport Minister Binali Yildirim told a meeting of French business leaders.
"I invite French companies to participate in this tender," he added, giving no further details.
Under a $19 billion loan accord with the International Monetary Fund, Ankara is pushing ahead with privatisations in various sectors of the economy.
But privatisation revenues have repeatedly fallen short of government targets in recent years due to delays or cancellations resulting from legal challenges or poor market conditions.

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