How much did Eurasia Tunnel cost to build?
The Eurasia Tunnel is the twin-deck four-lane road tunnel beneath the Bosphorus in Istanbul, built as a build-operate-transfer concession by ATAS and opened in December 2016. The Global Infrastructure Hub case study explains that eleven international financial institutions provided 960 million dollars of loans with an 18-year maturity and the shareholders 285 million, which together make 1.245 billion dollars, while Hurriyet Daily News wrote that the tunnel cost 1.25 billion dollars.
Final project cost
$1.245 billion
Cost basis: 2016
SadrettinCC BY-SA 4.0
Cost evidence
Basis of the published figure
Final project cost2016
Project record
Opened or launched
Daily Sabah20 December 2016