Israel abrogates a contract with Turkey at US $ 60 million
Israel-Turkey, Economics, 11/13/2000

Israel has directed a strong blow to the Turkish contracting company Jeilan by canceling the contract signed since two years between Bin Guerion airport commission and the said Turkish company at a sum of US $ 60 million despite the fact the Israeli company has already implemented half of the project to build a hall for travel at the airport.

The Turkish dailies issued on Sunday explained that Israel asked the Turkish company to provide certain guarantees to this matter. A thing which is not possible to be made by the Turkish company at the meantime because the establishment in charge of banks in Turkey has reserved the company's properties due to its great financial problems.

Previous Stories:
  Turkey declares its readiness to sell water to Israel   (7/4/2000)
  Israel signed agreement with Turkey to buy potable water   (6/20/2000)
  Turkish - Israeli joint water project   (5/8/2000)

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