Proceedings of the 13th Meeting of the
Transport and Communications Working Group
27
 Urban Transport Program with İLBANK (EUR 150 million).
Lastly, Mr. YAKAR elaborated the way forward for the IsDB. He stated that the IsDB Appraisal
process is updated with feedbacks, implementation assessments, etc. He listed the IsDB’s
expectations from member countries as followings;
 Only good project preparations conclude with good projects and desired output
 Quality of Feasibility Report is a must
 With good quality of data and project related analysis (economic, financial, social
analysis...)
 Open communication is the key to have better transport projects to support the
development of MCs
He also stated the readiness of the IsDB to continue its support to member countries through its
Regional Hubs and Operations Teams.
b. Limak Group: "Private Sector Perspective on Transport Project Appraisals:
LIMAK's Experience"
Mr. Volkan KURT, Deputy Project Manager, LIMAK GROUP, made a presentation with the theme
“Private Sector Perspective on Transport Project Appraisals: LIMAK's Experience”.
At the beginning of his presentation, Mr. KURT introduced Limak Group and its operations in
the fields of transport and construction. He mentioned that Limak established in 1976 and its
total revenues in 2018/06 was 2.1 bn$ and its total assets in 2018/06 were 6.86 bn$. Besides
the numerous dam, irrigation plants, hotels, cement and electricity generation assets Limak
Group has constructed several highways, airports, ports, railways, pipelines in Turkey as well as
in abroad. He stated that for the time being, except the American Continent, Limak is operating
almost all over the world. In order to reveal the construction capacity of the Limak Group, Mr.
Volkan KURT demonstrated the participants some sample projects implemented or being
implemented by the Limak Group as followings;
 Recently Awarded Projects
- Ufa City Highway Construction, Russia,
- South Abdullah Al Mubarak Project, Kuwait,
- Jubail - Riyadh Water Transmission System, Saudi Arabia,
- Chelyabinsk International Airport, Russia,
- Khabarovsk International Airport, Russia,
 Major Ongoing Projects Country
- Istanbul Airport (New) Turkey,
- Northern Marmara Highway (Kurtköy-Akyazı & KınalıOdalı) Turkey,