ICA Yatırım ve İşletme

What ICA Yatırım ve İşletme does

ICA Yatırım ve İşletme A.Ş. is a privately held Turkish infrastructure operator (joint stock company) established in 2013 and headquartered in Sarıyer, Istanbul, that operates the Yavuz Sultan Selim Bridge and the Northern Ring Motorway under a build-operate-transfer concession as a subsidiary of IC Infrastructure Group (IC Holding). The flagship asset is a hybrid suspension/cable-stayed bridge spanning the Bosphorus — featuring a 1,408m main span (the world's longest suspension bridge carrying a rail system), 59m deck width (world's widest), and 322m tower height (world's tallest) — paired with a 400-kilometer motorway network comprising 13 toll plazas, 8 free-flow toll collection points, 29 interchanges, 39 viaducts, 57 overpasses/underpasses, 11 service facilities (Bi'Mola), 9 EV charging locations (Bi'Enerji), and 2 chemical control points.

The company operates a technology-led Intelligent Transportation System (ITS) that fuses real-time video, weather/road sensor, and weigh-in-motion data streams into a Main Control Center; deployed proprietary systems include HSWIM (High Speed Weigh-in-Motion, with Intetra), a motorcyclist-friendly barrier system, in-house high-rate RAP asphalt recycling, and 100% renewable energy operation certified under I-REC (2,303 MWh annually). Product offerings span toll collection (6 vehicle classes, dynamic per-route pricing), a 24/7 emergency roadside hotline (161), the YSS Bridge mobile application (iOS/Android), the Fleet Management Portal for commercial fleet operators, the Bi'Mola service-area network, and the Bi'Enerji EV charging network.

ICA generates revenue from five streams: toll collection (transaction fees across 6 vehicle classes), fixed hazardous-materials convoy crossing fees, motorway billboard/advertising rentals, managed-service fees from Bi'Mola tenants (fuel, food, banking, retail), and managed-service fees from Bi'Enerji EV charging operators. Distribution is direct through toll plazas and free-flow points, with payments processed via the corporate website, mobile apps, Ziraat Bank/Halkbank branches, and PTT. The company serves approximately 2 million vehicles per month and employs approximately 1,000 operational personnel across traffic patrol, maintenance, and specialized teams, with paid-in capital of 21.47 billion TL and a USD 405 million foreign debt instrument issuance approved in October 2024 for the Sarıyer-Kilyos Tunnel extension.

Name

ICA Yatırım ve İşletme

Legal name

ICA İÇTAŞ ALTYAPI YAVUZ SULTAN SELİM KÖPRÜSÜ VE KUZEY ÇEVRE OTOYOLU YATIRIM VE İŞLETME A.Ş.

Website

https://ysskoprusuveotoyolu.com.tr

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

501–1,000 employees

Short description

ICA Yatırım ve İşletme operates the Yavuz Sultan Selim Bridge and 400km Northern Ring Motorway in Istanbul under a build-operate-transfer concession, serving ~2 million vehicles monthly through tolling, ITS-enabled traffic management, and complementary EV charging and service-area businesses.

Ownership category

akta.pro rank

Product category

Toll Road Operations & Highway Infrastructure

NAICS

Highway, Street, and Bridge Construction (23731)

SIC

Transportation Services (4700)

akta.pro primary industry

Tolling, Pricing & Revenue Operations (Toll Roads, Congestion Pricing, Enforcement) (BPAIALAH)

akta.pro secondary industries

Back-Office Toll Transaction Processing, Billing & Customer Account Management (TLAJABAC), Toll Plaza / Lane Equipment & Field Systems (Gantry, Sensors, Cameras, AVC) (TLAJABAH), Managed Services & Operations Outsourcing for Tolling/RUC Programs (TLAJABAL), Electronic Toll Collection (ETC) & Transponder/Tag Systems (RFID/DSRC) (TLAJABAA)

Keywords

• Toll road operations
• Motorway infrastructure
• Bridge operations
• Intelligent transportation systems
• Electronic toll collection

Headquarters

HQ city

Sariyer

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Infrastructure, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Toll Collection: Revenue generated from vehicle tolls collected at 13 toll plazas and 8 free-flow toll collection points along the Yavuz Sultan Selim Bridge and Northern Ring Motorway. Tolls are classified into 6 vehicle classes based on axle spacing and count.
2. Advertising & Billboard Space: Revenue from outdoor advertising placements along the Northern Ring Motorway, sold directly via the company's advertising reservations team.
3. Hazardous Materials Convoy Fees: Fees charged for controlled convoy passage of vehicles carrying hazardous and chemical materials, collected at chemical control points on both Asian and European sides of the bridge.
4. Bi'Mola Service Area Operations: Service area facilities hosting fuel brands (Shell, Opet, Petrol Ofisi, Aytemiz), food (Köfteci Yusuf, Starbucks, Çorba Sarayı, etc.), banks (İş Bankası, Yapı Kredi), A101 supermarket, and Mercedes service, generating revenue from tenant arrangements.
5. Bi'Enerji EV Charging Infrastructure: Electric vehicle charging services at 9 Bi'Enerji locations with 110 high-speed charging units (180 kW) across 11 brands (Trugo, Voltrun, EnYakıt, 5Şarj, Eşarj, RNG Enertürk, Lumicle, Zorlu Energy Solutions, WATMobilite, RS Şarj, ASTOR), providing 24/7 service.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels5 records

Core offering

ICA Yatırım ve İşletme A.Ş. operates, maintains, and collects tolls on the Yavuz Sultan Selim Bridge and Northern Ring Motorway — a 400 km motorway network connecting Asia and Europe across the Istanbul Bosphorus. Core activities include toll collection at 13 plazas and 8 free-flow points, real-time traffic and incident management via ITS, highway maintenance, hazardous materials convoy control, and roadside emergency services (161 hotline). Supplementary services include EV charging (Bi'Enerji) and motorway service areas (Bi'Mola).

Product overview

ICA Yatırım ve İşletme operates the Yavuz Sultan Selim Bridge and Northern Ring Motorway — a flagship toll road infrastructure combining a world-record suspension bridge (59m wide, 322m towers, 1,408m main span) with a 400-kilometer motorway network connecting Asia and Europe across the Istanbul Bosphorus. The core product (YSS Bridge and Northern Ring Motorway) is supplemented by a suite of add-on services: the 161 Emergency Roadside Assistance Line (24/7), a Fleet Management Portal for commercial fleet operators, and the iOS/Android YSS Bridge Mobile Application. Complementary sub-brands include Bi'Enerji (9 EV charging facilities with 110 high-speed 180kW units from 11 providers) and Bi'Mola (11 motorway service areas with fuel, food, banking, and maintenance). The Sarıyer-Kilyos Tunnel is under development as a northern extension, funded by a USD 405 million project bond — Türkiye's first PPP infrastructure bond issuance.

Differentiator

Problem solved

Functional benefit

Brands

• Bi'Mola: Rest and fuel facilities along the Northern Ring Motorway offering various food brands, fuel stations, banks, maintenance services, and markets
• Bi'Enerji

Products and services

• Yavuz Sultan Selim Bridge and Northern Ring Motorway (YSS) Operation Flagship toll road infrastructure asset: a 59 m wide hybrid suspension/cable-stayed bridge with 322 m towers (1,408 m main span, 2,164 m total length) spanning the Bosphorus, combined with a 400 km motorway network featuring 13 toll plazas, 8 free-flow toll points, 2 chemical control points, 29 interchanges, 39 viaducts, and 57 overpasses/underpasses. Operates 24/7 with ~1,000 personnel, serving approximately 2 million vehicles per month.
• 161 Emergency Roadside Assistance Line Free 24/7 emergency hotline (dial 161) providing road condition information, traffic safety assistance, vehicle breakdown support, tire changes, hazard reporting, and weather-related road closure notifications to all motorway users.
• Fleet Management Portal Web-based self-service portal for commercial fleet operators to register vehicles, query toll violations and unpaid passages, and make online payments for fleets using the Northern Ring Motorway.
• Sarıyer-Kilyos Tunnel Strategic tunnel project under development as the northern extension of the Yavuz Sultan Selim Bridge, connecting northern Istanbul settlements to the Northern Ring Motorway. Designed to serve as an earthquake evacuation route and reduce travel time for approximately 350,000 Sarıyer residents to 5 minutes. Funded by a USD 405 million project bond issuance — a first in Türkiye for PPP infrastructure financing.
• YSS Bridge Mobile Application iOS and Android mobile application enabling users to track bridge and motorway crossings, query and pay toll violations, calculate fees, and access real-time road condition information.
• Bi'Enerji EV Charging Network

Quantifiable outcome

• 1,024.84 tons CO2 emission reduction annually through 100% renewable energy sourcing
• +3 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability6 records

Feature5 records

Partnerships

Five partnerships are on record, tiered core.

• IRF (International Road Federation)coreStrategic or Co-development Partner · 1 January 2025ICA became a member of the IRF in 2025. The IRF is an independent non-profit organization headquartered in Geneva, providing global network of public and private sector members across 118+ countries with standardized knowledge resources, advocacy services, and training programs. ICA participates in IRF congresses and received the Grand Prize in the Design category within Global Achievement Awards.
• AUS Türkiye (Intelligent Transportation Systems Association of Türkiye)coreStrategic or Co-development Partner · 1 January 2021ICA has been a member of AUS Türkiye since 2021 and actively contributes to the association's initiatives. AUS Türkiye is a non-governmental organization established in 2016 operating in the field of intelligent transportation systems, bringing together public institutions, commercial companies, NGOs, and universities under a single umbrella.
• ASECAP (European Association of Toll Road Infrastructure Operators)coreStrategic or Co-development PartnerICA is the first and only full member from Türkiye in ASECAP, which brings together 128 companies from 19 countries operating over 86,000 km of motorways, bridges, and tunnels. ASECAP serves as a reference organization within the EU for the development and regulation of private motorway operations, toll collection, maintenance, and repair activities.
• IntetracoreTechnology or IntegrationIntetra is implementing the High Speed Weigh-in-Motion (HSWIM) system at the Yavuz Sultan Selim Bridge in partnership with ICA. The system enables continuous, non-intrusive measurement of heavy vehicle axle loads and total weights while vehicles are in motion. This is described as one of the first implementations of its kind in Türkiye, with both bridge entry directions (Europe-Asia and Asia-Europe) equipped with the technology.
• TREPAŞ (Trakya Elektrik Perakende Satış A.Ş.)coreOthersTrakya Elektrik Perakende Satış A.Ş. facilitated the issuance of the I-REC (International Renewable Energy Certificate) for Yavuz Sultan Selim Bridge, certifying that its annual 2,303 MWh electricity consumption is sourced from renewable energy.

Scale indicators8 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• VINCI Autoroutes: France's leading motorway concessionaire (~4,500 km) under similar state-granted long-term concessions. Comparable on regulated tariff structures, service-area operations, and integrated EV/clean-mobility investment along motorways.
• Autostrade per l'Italia: Italy's largest toll motorway concessionaire operating ~3,000 km of network under a similar build-operate-transfer model. Direct comparable because both run multi-asset toll corridors with electronic collection, heavy vehicle management, and revenue tied to traffic volume on a single dominant country.
• Eiffage Concessions: French toll road operator (~2,400 km) under long-term concession with focus on sustainability, renewable energy sourcing, and ITS upgrades. Comparable on green-energy motorway operations and free-flow toll migration.
• Cintra (Ferrovial): Ferrovial's toll road subsidiary managing ~30 concessions worldwide under PPP models. Highly comparable on infrastructure investment cycles, electronic toll collection rollouts, and sustainability-led refinancing strategies.
• Transurban: Australian toll road operator running ~2,500 km of urban motorways under long-term concessions with free-flow tolling. Comparable on multi-class dynamic tolling, ITS-driven traffic management, and EV charging infrastructure expansion along corridors.
• Abertis: Spain-headquartered global toll road operator with concessions across Europe, the Americas, and Asia. Comparable on BOT toll economics, free-flow tolling deployments, and multi-asset portfolio management under regulated tariff frameworks.

Broad incumbents

• IC Holding (parent group): Türkiye-based diversified conglomerate (parent of ICA) with broader infrastructure, construction, and energy exposure. Relevant as the parent context for ICA's capital allocation, ESG strategy, and access to other Turkish PPP opportunities.
• Atlantia: Global infrastructure group controlling toll road assets (notably Autostrade per l'Italia) plus airports and services. Comparable as a publicly listed parent of a major toll road operator with similar regulatory and concession-exposure profile.

Others

• Trugo: One of 11 EV charging brands co-located at ICA's Bi'Enerji network. Included as an adjacent ecosystem participant — both companies operate on the same motorway corridor, and Bi'Enerji's managed-service model is a direct commercialization channel for charging operators.
• KGM (Karayolları Genel Müdürlüğü): Turkish General Directorate of Highways, the public-sector owner/regulator of the national highway network including the bridge reverted at end of ICA's concession. Key counterparty and comparator on toll regulation, technical standards, and ITS interoperability in Türkiye.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/YSSKopruOtoyol
• Facebookfacebook.com/YSSKoprusuveOtoyolu
• LinkedInlinkedin.com/company/ica-yatirim-ve-isletme-as

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ICA Yatırım ve İşletme