Download New Projects by Tekfen Construction

Announcement
Date: 31 August 2016
Subject: New projects by Tekfen Construction
Our subsidiary company Tekfen Construction, has signed a Letter of Intent for the construction
of the 20” gasoline and 24” jet fuel pipeline project, which will extend for a total of 333 km
between Yanbu and Jeddah; the investment in Saudi Arabia is made by Aramco, and the total
cost of the project is USD299,312,000 with a completion period of 47 months. In addition,
Tekfen Construction has signed a Protocol of Intent with TSGI JV concerning the completion
of electromechanical works on a unit-price basis of the Coker Unit at the Star Refinery under
construction in Aliağa, Izmir. Negotiations regarding the conditions of the protocol and the
quantity estimates will be concluded shortly, after which the definite contract value will be
determined. The completion period of the project is set as 17 months. Necessary public
announcements will be made after the final agreements are signed for both projects.