Turkey launches tender process for Port of Derince concession
The Turkish State Railways (TCDD) has launched a tender process to put in private hands the operation of the Port of Derince in the province of Kocaeli with a 36-year contract, according to an announcement in the Turkish Official Gazette.
Bidders are required to assure $30 million in funds, plus an additional $20 million for fees in order to qualify. The Gazette also states that if the commission responsible for the sale receives a lot of applicants, it will hold an auction instead of a tender.
Due to its location in Izmit Bay and its hinterland, TCDD Derince Port serves to Gebze-Kocaeli area, one of the largest industrial zones in Turkey. The port has a prominent role compared to other ports in the region, with its capability to handle different types of cargo such as container, bulk, general cargo, liquid bulk and Ro-Ro.
Both Turkish and foreign corporations or joint ventures can apply to bid. Joint ventures cannot consist solely of venture capital funds. Offers will be accepted until 5 p.m. on Dec. 10.
Raiffeisen Centrobank is advising the Turkish Privatization Authority. See the Teaser prepared for the tender process for more information.Country news
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