Turkey eyes to increase investments in railway infrastructure
Baku, Azerbaijan, May 6
By Rufiz Hafizoglu - Trend:
Turkey plans to increase investments in railway infrastructure, a source in the Ministry of Transport and Infrastructure of Turkey told Trend May 6.
It is expected that by 2023, about $50 billion will be invested in the development of railway infrastructure.
The source noted that the length of Turkish railways is 12,400 kilometers, and by 2023 this figure, together with high-speed railways, will be 25,000 kilometers.
“The length of the tram tracks in Turkey as a whole is 441 kilometers, and by 2023 it will be 740 kilometers,” the source added.
The total budget allocated for the Ministry of Transport and Infrastructure of Turkey for implementing transport and infrastructure projects in the country will amount to 64.275 billion Turkish liras in 2020-2021.
Some 31.183 billion liras will be allocated for the implementation of projects in 2020, which will be 3.413 billion liras more compared to the budget for 2019.
An amount of 31.092 billion liras will be allocated for the implementation of projects in 2021.
(1 USD = 5.9709 TRY on May 6)
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