Oct 07 2019

Turkey raises toll road prices by 20 percent

Turkey increased the price of tolls for bridges and roads by 20 percent.

The price rises for cars, buses and trucks will be applicable from Oct. 7, according to a statement by the General Directorate of Highways (KGM).

Turkey is seeking ways to raise cash to help cover increased expenditure in the budget, which has widened beyond targets this year. At the same time, it is aiming to slow inflation to 8.5 percent next year from 9.3 percent in September.

The government needs to increase prices to cover repairs to infrastructure, the KGM said. It hadn’t increased costs to road users for 21 months, it said.

Turkey’s Treasury also pays contractors who build bridges and roads a minimum fee based on projected traffic.