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Metrostav Ankara to Build Subway Depot in Istanbul, Turkey

Released: 25. 1. 2017

The Czech construction company Metrostav has won its first major contract in Turkey. Its subsidiary Metrostav Ankara İnşaat Taahhüt Sanayi Ve Ticaret A.Ş. and the Railway Transport Department of the European Section of the City of Istanbul signed an agreement on January 18, 2017 to build a depot on the Kabataş-Mahmutbey subway line in the Turkish metropolis.

Metrostav's Turkey-based subsidiary secured the contract in a demanding two-round selection procedure. The pre-qualification stage included 41 bidders from the ranks of Turkish corporations and consortiums. In the second round, which included the submission of price bids, Metrostav competed with 16 other bidders. Following the expulsion of the bidder who offered the lowest price in the procedure, Metrostav's Turkish subsidiary won, thanks to a bid of TL 88,045,806 (approximately CZK 632 million). The project has been commissioned on the 'design and build' basis.

"The road to winning the contract was in no way easy," said Václav Soukup, Metrostav Group's Head of Foreign Business Operations. "The Czech-based Metrostav has been active in Turkey since 2015, when we founded a joint venture with the company Ankara Inşaat. However, the local regulations only allowed us to bid for the first public contract one year after the subsidiary was established, which means that we could only submit our first proposal in August 2016. I am confident that we will be successful on the Turkish market and that we will record favorable results," added Soukup.

The contract marks another stage in Metrostav's successful expansion to foreign markets. This way, Metrostav takes advantage of its surplus capacity made available as a result of a significant decrease in the number of construction projects being undertaken in the Czech Republic, infrastructure projects in particular. Contracts abroad currently account for one-third or Metrostav's production.

For more information contact:
Vojtech Kostiha
Spokesperson Metrostav a.s.
Tel.: +420-266 019 715
E-mail: vojtech.kostiha@metrostav.cz

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