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Turkey discloses spending on implementation of air transport projects (Exclusive)

Türkiye Materials 2 August 2021 08:01 (UTC +04:00)
Turkey discloses spending on implementation of air transport projects (Exclusive)

BAKU, Azerbaijan, August 2

Trend:

Turkey is conducting work on implementation of 46 air transport projects in Turkey, the country’s Ministry of Transport and Infrastructure told Trend.

According to the ministry, the total value of the projects is over 11.8 billion Turkish liras ($1.4 billion).

Last year, 4.65 billion Turkish liras ($550 million) were spent on projects in the field of air transport, the ministry said.

In 2021, over 2.1 billion Turkish liras ($250 million) will be spent on the implementation of projects in this area, added the ministry.

Work is underway on implementation of 469 projects in Turkey with a total value of more than 694.7 billion Turkish liras ($81.09 billion), of which 179 billion liras ($20.8 billion) came from foreign loans.

Implementation of some of these projects began in previous years.

In 2021, 42.4 billion Turkish liras ($4.9 billion) will be allocated for implementing transport and infrastructure projects in Turkey, 5.9 billion liras ($690 million) of which will fall on foreign loans.

In 2020, over 282.7 billion Turkish liras ($33 billion) were allocated for the implementation of transport and infrastructure projects in Turkey, 56.85 billion liras ($6.64 billion) of which accounted for the foreign loans.

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