Minister of Environment and Urbanization Mr. Murat Kurum made important statements on TV live
The Minister of Environment and Urbanization, Mr. Murat Kurum said that the “insurance for completion” or “collateral” requirement will be introduced by the arrangement made for the contracting sector. Where the contractors cannot complete the construction, the bank or the insurance company will complete the construction.
Minister said that some contractor firms had financial problems and stopped working in the urban transformation, and some clients couldn’t get their houses.
He added: “The contractor will have to make completion insurance from the bank or insurance company. If the contractor can not, the bank or the insurance company will complete the construction. Together with these regulations, we will overcome the grievance of our citizens.”