Turkish President Recep Tayyip Erdoğan has authorized a 30-year privatization plan for key Istanbul infrastructure. This includes the city’s two Bosporus bridges, eight highways, and two beltways. While state ownership of these assets will be maintained, operation and toll revenue will be transferred to private companies. The decree authorizing this plan was published in the Official Gazette on Saturday. This move is expected to shift financial responsibility and management to the private sector. The privatization is predicted to generate revenue for the state while modernizing infrastructure. Details of the specific companies involved have not yet been released.