Turkey cancels $5.7bn highway privatisation tender

ISTANBUL: Turkish Finance Minister Mehmet Simsek said on Friday the government had cancelled a $5.7 billion tender for the privatisation of toll roads and bridges, after Prime Minister Tayyip Erdogan earlier said the result had not met expectations.



Turkey’s Koc Holding and Gozde Girisim and Malaysia’s UEM Group Berhad had won the tender in December.



The Istanbul stock exchange was closed when Simsek made the statement.


Copyright Reuters, 2013

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