Page 33 - World Of Nurol Magazine-27

Would you please tell us about the Could you please inform us about a while we were five partners.
characteristics of the project? We Otoyol Inc.? Right now, we have reached to
will mention the completed parts of a zero-problem term in terms of
How was the situation in the very founder companies with 50 million something here. A structure with six “
the project such as bridge, highway Otoyol Enterprise and Management partner relationships and company
and tunnel in the following pages. Inc. has been established by six co-
management. Thus we gained
beginning? Turkish Lira capital as a special partners, all have different habits, Suspension
purpose incorporated company different wage policies, different
The characteristics of the project within the build-operate-transfer price policies and different working Bridge towers
are that; for the first time in Turkey regulations framework in Ankara styles. It was impossible to create
an infrastructure project of this on 20 September 2010. Later in a company by collecting these
size, a highway project is going to 2012, one of our partners Göçay and copying the firms. Therefore, are at a height
be realized with build-operate- Construction Inc. had decided as Otoyol Inc. we created a novel
transfer model. This contradicts all to assign most of its shares in company which is independent of of 252 meters
of the existing habits. It was the the company to other partners. the partner firms.
largest project in Turkey when it At the end of year 2013, Yüksel from the sea
was tendered. Now, 5.5 years are Construction Inc. had decided to We will talk about the project but
left in the past. At the point we leave the company by assigning its before that, there is a subject of
commenced, there were some gaps share to three partners. Today, each great interest. Do not pressure or level and are
in the legal infrastructure regarding of the partners of Otoyol Inc. is one manipulation occur arising from
especially the obtaining finance of the five leading companies of the fact that such great companies only 12 meters
for a government build-operate- construction sector in Turkey and have shares in the partnership?
transfer project of this size. in the world. Our partners are Nurol shorter than
Construction, Özaltın Construction, No, no kind of pressure occurs. Each
Some legislation had to be adapted Makyol Construction, Astaldi and important subject is discussed in
to be compatible with one another Göçay Construction companies. the Board of Management and each the Sapphire
and this process took a while. Once and every partner abides by the
the compatibility was obtained, In multi-partnered projects like decisions. Otoyol Inc. is a separate building in
we were able to pave the way for these, were there any problems and independent legal entity and is
financing. In addition to this, the due to different working styles of open to every kind of inspection.
project being very large in size, the partners, especially regarding
an economical liquidity crisis the harmony of the personnel? Did the establishment of Otoyol
occurring in the world at that time I suppose management and Inc. become an obligation because Istanbul. “
overlapping with the project and a coordination of such issues are very the government stipulated so?
very large financing being required difficult. How did you blend these? Would you please inform us about
were among the greatest challenges the operation of the company?
we had in the beginning. In the beginning of the project we
started with six partners. After There was a requirement to establish

Osmangazi Bridge