– A consortium of nine banks has restructured the financing for - TopicsExpress

– A consortium of nine banks has restructured the financing for the Gebze-Izmir highway project in Turkey to $5-billion, while the maturity was extended to 15 years from a previous seven, banking sources said. The consortium consists of Deutsche Bank and eight Turkish banks: Akbank, Finansbank, Garanti Bankasi, Halkbank, Is Bank , Vakifbank, Yapi Kredi and Ziraat Bank. A consortium of Nurol, Italys Astaldi, Ozaltin Makyol, Yuksel and Gocay Insaat won the 22-year operating rights for the highway in a 2009 tender for a build-operate-transfer deal. Yuksel group subsequently withdrew from the consortium.

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