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Turkish Railways looks to implement several transport projects - ministry

Türkiye Materials 24 July 2021 11:13 (UTC +04:00)
Turkish Railways looks to implement several transport projects - ministry

BAKU, Azerbaijan, July 24

Trend:

The Turkish Railways (TCDD) intends to implement 25 projects with a total value of 116.5 billion Turkish liras ($13.6 million), the Ministry of Transport and Infrastructure of Turkey told Trend.

According to the ministry, 20.6 billion liras ($2.41 billion) of this amount will come from foreign loans.

“By late 2021, 12.5 billion liras ($1.46 billion) will be allocated for the implementation of projects. Of these, 725 million liras ($85 million) will come from foreign loans,” the ministry said.

The ministry said that in 2020, TCDD allocated 66 billion liras ($7.74 billion) for the implementation of projects, 20 billion liras ($2.34 billion) of which came from foreign loans.

“Work is underway in Turkey on the implementation of 469 transport and infrastructure projects with a total value of 694.7 billion liras ($81.5 billion). Of this amount, 179 billion liras ($21 billion) came from foreign loans,” the message said.

Among these projects, there are those, the implementation of which began in previous years.

In 2021, 42.4 billion liras ($4.97 billion) will be allocated for the implementation of transport and infrastructure projects in Turkey, 5.9 billion liras ($692 million) of which will fall on foreign loans.

In 2020, 282.7 billion Turkish liras ($33.1 billion) were allocated for the implementation of transport and infrastructure projects in Turkey, 56.8 billion liras ($6.66 billion) of which came from foreign loans.

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