Amount Payable for Bridges and Highways Guaranteed

the guaranteed bridge and the amount to be paid for the motorways
the guaranteed bridge and the amount to be paid for the motorways

Sözcü Azar Cigdem Toker wrote how much to pay from the state's safe to the bridges that are guaranteed to pass. Toker noted that the bridge's burden on the three-month period is approximately $ 93 million.

Toker used the following expressions, stating that the contracts regarding the bridges are kept and their contents are unknown:
“The 'force majeure' discussion arising from Covid-19 in the Build-Operate Transfer (BOT) projects, which is guaranteed by the state, continues. ('Force majeure' 'in law, in simple terms, the parties' failure to fulfill their rights and debts in a contract for reasons without flaws.) In the last week of the Eurasia Tunnel contract, there was no explanation from the company or the ministry in the epidemic about the termination of 'epidemic'. How come? They keep the contracts 'secret' from the public, and as soon as they make a statement, the contract will be open. Fortunately; CIPER received a hint of a qualified answer to the questions of CHP Kocaeli Deputy Haydar Akar, who is closely interested in these projects. Akar thinks that there is no 'force majeure' clause in Osmangazi and Yavuz Sultan Selim Bridge contracts.

This article, which came to Akar with the signature of Mehmet Tutaş (Assistant General Manager) from the General Directorate of Highways, on April 20, contains information that concerns us all. According to Covid-19, it is stated that there is no application for postponing or not making payments, and in accordance with the BOT application contracts, the income difference that will arise if the guaranteed number of vehicles other than the company fault cannot be reached will be paid from the budget. Very good!"


Sözcü Toker, the author, explained the number of vehicles passing through bridges and the money to be paid from the state safe under guarantee:

“As of the end of March 2020, there are also the numbers of vehicles passing through two major projects:

Osmangazi Bridge: 1 million 776 thousand 362.

Yavuz Sultan Selim Bridge: 3 million 383 thousand 25.

In this case, let's look at the budget burden…

On the Osmangazi Bridge ($ 35 + VAT per vehicle), 40 thousand vehicles a day started with 3 million 640 thousand vehicles in January-March period. Warranty of 1 million 863 thousand 638 vehicles not exceeding: 65 million 227 thousand 330 dollars. (8 percent VAT will be added.)

On Yavuz Sultan Selim Bridge (3 dollars + VAT per vehicle), 135 thousand vehicles are guaranteed daily. With this calculation, 12 million 285 thousand vehicles had to pass in the January-March period. The warranty price of 8 million 901 thousand 975 vehicles not exceeding 26 million 705 thousand 925 dollars. (8 percent VAT will be added)

Three months' budget burden is about $ 93 million (651 million TL). Of course, this account is made year by year. But the number of missing vehicles for three months gives an idea about the blow to the budget. ”

To read the full article of Çiğdem Toker CLICK HERE.

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