A six-firm consortium now is assembling loans for a $6.5-billion project to build a 377-kilometer-long, privately financed toll highway in Turkey. The project—from Gebze, near Istanbul, to Izmir—includes a suspension bridge that likely will incorporate the world’s second-longest span over the seismically active Izmit Bay. The Izmit bay crossing, with a 1,700 m span, “is still in the conceptual design stage,” says Simon Bourne, head of bridges at U.K.-based URS/Scott Wilson Ltd., Basingstoke. The firm, in a joint venture with AECOM, has a $15.9-million contract with the project consortium to supervise the bridge’s design and construction. The consortium Otoyol Yatirims
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.