HOLDING

ICA strikes an important agreement in Russia

Standing out with the large projects it implements in Turkey and around the world, IC İçtaş İnşaat - Astaldi Konsorsiyumu ICA has signed an important protocol with the Russian Federal Road Agency (Rosavtodor) during St. Petersburg International Economic Forum. 

President of Rosavtodor Roman Starovoyt and Chairman of the Board of Directors of IC İçtaş İnşaat Fırat Çeçen signed the protocol at the ceremony held on Thursday, June 1. With the protocol, ICA and Rosavtodor announced their business partnership for the highway projects to be implemented with the partnership of public - private industries. 

Noting that their organisation was working with full speed on the M11 Highway Project connecting Moscow and St. Petersburg, which is one of the most important transportation investments as part of the preparations for 2018 FIFA World Cup, Chairman of the Board of Directors of IC İçtaş İnşaat Fırat Çeçen said: "We are pleased to have signed such an important agreement after the completion of two of our projects in Russia, namely the expansion of Pulkovo Airport and the St. Petersburg High-speed Western Peripheral Road.  We are confident that this protocol signed for the highway projects to be implemented in association of public and private industries will contribute to our strong partnership. At ICA, it is very important for us to reinforce our project management experience in partnership with Russia, through new projects. We are proud to cooperate with Rosavtodor and advance the investment partnership between Turkey and Russia." 


About ICA
IC İçtaş İnşaat which became the flagship of IC İbrahim Çeçen Yatırım Holding A.Ş. and successfully implements major projects both at home and abroad, and Astaldi which is among the leading construction companies around the world joined forces to establish ICA which in turn implements seemingly impossible projects pushing the boundaries of modern engineering techniques, thanks to its international experience.
 
ICA which has carried both architecture and engineering projects, going beyond global standards, strives to add new successful projects to its portfolio with its dynamic organisation structure, its synergy and its professional employees each of whom are experts in their respective fields.
 
The portfolio of ICA includes the Expansion of St. Petersburg Pulkovo Airport Project which was completed in 2015, Yavuz Sultan Selim Bridge and Northern Peripheral Highway Project which was commissioned in August 2016, and St. Petersburg The Western High-Speed Diameter (WHSD) Project which commissioned in December 2016. 
 
Today, ICA is working with full speed on the M11 Highway Project which is one of the most important transportation investments as part of the preparations for 2018 FIFA World Cup, and which will connect Moscow, the capital city of the Russian Federation and St. Petersburg, one of its most important cities. ICA is also operating Yavuz Sultan Selim Bridge and the Northern Peripheral Highway Project.

About Rosavtodor
The Federal Roads Agency (Rosavtodor) is an executive public institution which manages the ownership of roads, and the public vehicles, and which fulfils the obligations under the international contracts signed by the Russian Federation in its field.
  
The length of the intercity roads of the Russian Federation is over 51,860 km, out of which 49,000 km is assigned to Rosavtodor and 2,700 km is assigned to Avtodor which is another public corporation. The residual value of the road property complex assigned to Rosavtodor as of 1 January 2016 is 781 billion rubles. Rosavtodor is also managing 5,646 bridges, 45 tunnels and 268 passes on various roads