A € 2.1 billion Engineering, Procurement, Construction and Financing contract for circa 530km of double track high speed rail comprising 503.2km of mainline tracks and 29km of connecting lines. The electrified railway line will reach speeds of up to 250km/h.
The railway line will decarbonize travel and help the Turkish government meet their COP26 climate commitments
Green financing was guaranteed by UK Export Finance (UKEF), the UK’s largest ever sustainable civil infrastructure deal. Other European ECAs involved in the deal include SACE, SERV and OeKB.
The project is owned by the Directorate General of Infrastructure Investments (AYGM) of the Republic of Turkey Ministry of Transportation and Infrastructure (MoTI) and will be operated by the Turkish Railways (TCDD), upon commissioning.