TÜVTÜRK – a cash cow business of DOAS, Bridgepoint and TÜV SÜD
- TÜVTÜRK consortium was granted by Turkish Privatization Administration the right to build & operate MVISs in Turkey for 20 years in exchange of US$ 552 million.
- 189 fixed and 73 mobile inspection stations are fully operational as of end-1Q09, with an investment of US$ 300 million.
- Operation fees were collected from the suboperators (Business associates (BA)) in exchange for the prepared stations for operations.
- The BAs will share their revenues with the government: 1st-3rd years: 30%; 4-10th years: 40% and 11-20th years: 50%
- ...and with TÜVTÜRK consortium: 1st-10th years 7% and 11-20th years: 20%
- The MVIS business is expected to generate US$ 15 billion revenues in 20 years with US$ 2.5 billion EBITDA.
- At the end of the 15th year, nearly 116 million vehicles have been inspected and 37.7 million vehicles underwent exhaust gaz emission measurement. 38.4 million vehicles were re- inspected and enabled over 37.3 million unsafe cars to return safely back into traffic once again.
- In 2022, periodic inspections of 11.2 million vehicles were completed and 3.7 million vehicles underwent exhaust gas emission measurements.
- According to the research entitled “Analysis of the Economic Impact of Road Safety and Periodic Vehicle Inspection Application in Turkey” conducted by CITA in 2017 under the leadership of Prof. Dr. Wolfgang G. Schulz and Sebastian Scheler; there is an average saving of 340 million US$ per year which is contributed to Turkish economy as a result of the traffic accidents avoided through TÜVTÜRK vehicle inspection system.
