The Avrasya Tuneli (Eurasia Tunnel) AS (an SPV incorporated to execute the Project, “ATAS” in short) signed the finance documents on 11.12.2012 in Ankara. ATAS, jointly owned by Yapi Merkezi and SK Engineering & Construction of Korea, will have the right to build and operate for 30 years the Eurasia tunnel for light motor vehicles, a 5.4 km-long tunnel some 25 m-deep beneath the Bosphorus in Istanbul. Overall length of the project is 14.6 km, for which construction of the approach roads will start at the Asian side. Start of commercial operation is scheduled for late-2016 or early-2017. Visit www.ym.com.tr. 51/12
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