Tender announcement for the privatization of Tekirdağ Port has been published in Official Gazette on 11 October 2017.

Privatization Method

The Port will be privatized through transfer of the operational rights (TOR) model for 36 years.

Legal entities, individuals and joint ventures (which may include investment funds as members but cannot consist of investment funds only) are entitled to participate in the tender.

The tender method will be “negotiated tender procedure” which would involve collecting the bids in sealed envelopes by more than one bidder and conducting negotiations.

General Information about the Port

The Tekirdağ Port is located in the Marmara region and currently operated by Türkiye Denizcilik İşletmeleri A.Ş. (TDİ). It has strategic importance because of its location, as the Marmara Region is the most active region of cargo handling, and because of its proximity to the largest trade center, Istanbul. The Port’s handling capacity of dry bulk and general cargo, as well as other major facilities handling liquid bulk cargo, provides a significant competitiveness to the Port across the region. Further information regarding the Tekirdağ Port can be reached from http://www.oib.gov.tr/dokuman/tdi-dosya/tdi-Tekirdag-Limani-Kisa%20Bilgi-Notu%20171011.pdf

Next Steps

To participate in the tender, tender documents must be purchased for an amount of TL 10,000, and a bid bond in the amount TL 15,000,000 must be submitted to the Privatization Agency.

Deadline of submission of the bids is 20 December 2017 at 5 p.m.

^{This information is provided for your convenience and does not constitute legal advice. It is prepared for the general information of our clients and other interested persons. This should not be acted upon in any specific situation without appropriate legal advice. This information is protected by copyright and may not be reproduced or translated without the prior written permission of Ergün Avukatlık Bürosu.}