Turkish Transport Ministry

The three largest creditors of Otaş, a company that was set up by Oger Telecom to acquire a 55 percent stake in Türk Telekom in 2005, have reached an agreement with the Turkish Transport Ministry to acquire a majority stake in the company as they cannot charge their loan receivables, sources have told daily Hürriyet, adding that the lenders and authorities were now working on the legal aspects

The Japanese company TAISEI has pressured top Turkish authorities for payment of the company's additional costs to finish the Marmaray line in Istanbul earlier than planned, while sources from the Turkish Transport Ministry say the payments will be made only after the company submits its documents properly.