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Millions to support investment projects

Millions to support investment projects

Antalya authorities will devote 641 million of Liras for investment in 2016. It is referred to investment of funds to construction and development of new projects in the capital of the Mediterranean world. In particular, construction of Boachay channel are well under way, it is the largest project along the seashore of the mountain river with yacht clubs and recreation zones.

The city manager, Mendes Turel, called the opportunity of such investments as the real «success story written in figures» as if looking back it can be observed that this sphere was not almost financed earlier. The funds were not practically allocated for construction of new items of city infrastructure which in the future could be attractive both for tourists and for potential investors. By the way, former authorities put up only 273 million in investment development for 5 years. Mr. Turel noted: “We will do more in a year than the former administration did over 5 years.”

New city manager proceeded with his obligations in 2014. 276 million Liras was allocated to support the investment (that year it was more than over the latest 5 years), herewith he paid the debt accumulated by former authorities in the amount of 420 million Liras. An incredible surge was made in the investment sphere over two years by means of fantastic projects. And city authorities continue to work in this direction. Antalya city manager does not hide that such surge is possible only due to competent work and calculation of facilities. New authorities did not create any new debts over two years.

Currently, attention of the largest investors throughout the world is drawn to Antalya. Everybody is waiting in which direction the city will be developing. That is why it is very important to invest in development of infrastructure and construction of items today in order to obtain the «investment return» tomorrow, marked Mr. Turel. Participation of Antalya in MIPIM exhibition held in Cannes played a great role. The exhibition was attended by the largest world investors. Everybody who was there can definitely claim that Turkey has no problems today.

According to Antalya city manager, putting in investment projects today is, first of all, investment to the future that will return to the municipal purse in a bigger amount. The investment share in the budget makes 31% today (in comparison with 13% in the times of the former authorities). In the future it is planned to increase investment shares up to 44%.

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