Financing Secured for 20-Year Vehicle Inspection Monopoly, Card Commissions Scrapped

Turkey's vehicle inspection infrastructure has passed a critical financing milestone for its second 20-year concession period, preparing to serve under the banner of TURKA during the 2027-2047 period. At the signing ceremony in Ankara, decisive steps were taken regarding the sector's financial sustainability and consumer costs.

Financial Architecture of the New Era

TURKA, established by the MOI OGG partnership that won the tender, will launch the "next-generation vehicle inspection system" as of August 15, 2027. Chairman of the Board Halis Ezer announced that the financing process, the backbone of the project, has been completed, sending a strong signal to investors and market actors regarding operational readiness.

■Contract scope covers the 2027-2047 period.

■Chairman Halis Ezer announced the closure of financing.

■Operational start date set for August 15, 2027.

Policy Shift Regarding Consumer Credits

Minister of Transport and Infrastructure Abdulkadir Uraloğlu announced a regulation regarding a cost item directly affecting the citizens' wallets during the ceremony. Accordingly, the credit card commission burden for inspection fee payments will no longer be collected from the user; this financial burden will be entirely borne by the contractor firm. This situation will create a cost-reducing effect on credit card usage for SMEs and individual consumers struggling with cash flow management.

■Credit card commission transferred to the contractor.

■Minister Abdulkadir Uraloğlu emphasized financial relief.

From the perspective of commercial lending and project finance, the closure of financing for a 20-year concession agreement is a highly positive development for the sector in terms of liquidity and risk management. In particular, the decision to shift credit card commissions to the contractor resets transaction costs in micro-scale payments, positively impacting cash flow velocity and card usage in the market. For the banking sector, this creates a high-volume, low-risk transaction volume potential, while also indicating that the credit risk profiles of long-term infrastructure projects like TURKA are being strengthened.