Alarko Holding

Working with the Directorate-General for Foreign Relations & European Union Affairs, the transport ministry has awarded a contract to modernise a 200 km section of the main line which links Istanbul with the Bulgarian border to a consortium of domestic construction and contracting groups Gulermak Agir Sanayii ve Taah and Alsim Alarko Sanayi Tes ve Tic, reports Railway Gazette.

Ishak Alaton, the founder and honorary chairman of Alarko Holding, died late on Sept. 11 of heart failure. He was 89.        

Alaton was discharged from the hospital where he had been receiving treatment on Sept. 9, company officials said.