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Qatar Investment Authority becomes a partner in the Eurasia Tunnel

Qatar Investment Authority becomes a partner in the Eurasia Tunnel

It was announced that the South Korean partner of the Eurasia Tunnel sold part of its shares to the Qatar Investment Authority from Qatar’s state funds.

Eurasia Tunnel, which contributes to the relief of Istanbul traffic, attracts attention as one of the important infrastructure investments.

The information that the Qatar State Fund is a partner in the Eurasia Tunnel was included in the announcement made on the Competition Authority’s website.

One of Qatar’s two major state funds has taken a stake in the Eurasia Tunnel

Qatar Investment Authority, which receives shares from the South Korean partners of the Eurasia Tunnel, is also known as one of the two largest state funds in Qatar.

September August 8, 2002, according to the official website of the Competition Authority, the decision taken at the Board meeting, 12 at noon on some platforms offering live market data and published on the Internet sites.

Eurasia Tunnel was put into service in 2016

The Eurasia Tunnel was built with the build-operate-transfer model. The foundation stone of the tunnel was laid on February 26, 2011. Yapı Merkezi-SK Group consortium launched the Eurasia Tunnel, the construction of which they started in 2012, on December 22, 2016.

The consortium has a 25-year operating right. after the expiration of the period in 2041, it was decided to transfer the operation of the tunnel to the state.

The tunnel cost 1 and a half billion
The Yapı Merkezi-SK Group consortium had used an 960 million DOLLAR loan with a term of 18 years for the tunnel construction. The tunnel had cost 1 billion 245 million dollars.

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