European Contractors Come To Turkey

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In the General Assembly of the European International Contractors' Association (EIC) in Paris, financing troubles of mega projects were stamped. European contractors have stated that no authority is willing to explain the project.

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The European International Contractors' Association (EIC), which is held twice a year in different European cities, will meet in Istanbul in October 2018. Contractors who met in different cities and experienced different cities of Europe as well as general assembly meetings, held the second meeting of this year in Paris, France on 12-13 October 2017.

Serdar Urfalılar, the Chairman of the Turkish Building Materials Sector Committee, also participated as Istanbul Iron and Non-Ferrous Metals Exporters' Association (IDDMİB) for Europe's largest communication platform jointly organized by EIC and French Construction Federation.

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We should show our potential

Serdar Urfalilar, Chairman of the Sectoral Committee of the Turkish Construction Materials, noted that the efficiency of a project is understood by the products used. Urfalilar, who says that quality products enable healthy and sustainable projects, said: "There are not only economic and political outputs of infrastructure regulators that are too many actors." EIC addressed the funding issue, which is the biggest problem in the project at this meeting and it is also strong for Turkish contractors and engineers. "

The main theme of the meeting in Paris was the problems and needs of funding infrastructural investments. According to OECD estimates, global investment needs to be at least $ 70 trillion by 2030. In Asian countries alone, the requirement is estimated at $ 8 trillion. A $ 1.5 trillion infrastructure investment must be made in sustainable development in developed countries.

40% are being used carelessly

European contractors cautioned that no authority would want to disclose the project. Eugene Zhuchenko, long-term Infrastructure Investments Association representative, stated that politicians in France did not get detailed information on funding and budgeting the projects they offered themselves, and thus they had trouble in funding the mega projects later. According to the McKinsey report, 40 percent of the mega trandaries are used carelessly.

 

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