MILAN May 27 Italian builder Astaldi
said on Tuesday a $2.3 billion loan with a pool of Turkish banks
to finance the construction of a third bridge on the Bosphorus
strait had been signed.
"Financial close allowed for the disbursement of a first
loan tranche to be used for construction activities of the
bridge, for which 25 percent of works have been completed to
date," Astaldi said in a statement.
The overall value of the investment totals about $2.9
billion and Astladi it owned a 33 percent stake in the project
while IC Ictas had 67 percent. The concession has a 10-year
duration with 30 months for construction activities, it said.
(Reporting by Danilo Masoni)