00625582

Component

http://onlinepubs.trb.org...trr/1992/1361/1361-012.pdf

https://scholar.google.co...exon&publication_year=1992

For light rail transit (LRT) systems, turnkey procurement methods can offer cities more rapid construction, less risk, and assistance with financing the project. Turnkey arrangements are particularly useful for cities that lack an existing mass transit system with in-house expertise for developing LRT. Istanbul relied on the turnkey approach to construct a state-of-the-art, 24.2-km LRT system in two stages. The system was in operation within 30 months and a financing package was put together with the assistance of the governments of the countries involved in the project (Turkey, Sweden, and the United Kingdom) through the use of different export credit systems and by an international syndicate of some 16 banks. With the first stage of the system in operation, ridership has already reached 65,000 per day.

This paper appears in Transportation Research Record No. 1361, Light Rail Transit: Planning, Design, and Operating Experience (Papers presented at the Sixth National Conference on Light Rail Transit, held in Calgary, Alberta, Canada, May 24-27, 1992). Distribution, posting, or copying of this PDF is strictly prohibited without written permission of the Transportation Research Board of the National Academy of Sciences. Unless otherwise indicated, all materials in this PDF are copyrighted by the National Academy of Sciences. Copyright © National Academy of Sciences. All rights reserved

01405036

English

p. 90-94

1992

Transportation Research Record

0309054001

Financing; Light rail transit; Procurement; Ridership

Turnkey systems

Istanbul (Turkey)

Finance; Highways; Public Transportation

TRIS, TRB

Dec 22 1993 12:00AM