BAKU, Azerbaijan, Aug. 12
Trend:
The new 128-kilometer Vezirhan-Kosekoy railway, which will connect the Turkish provinces of Bilecik, Kocaeli, and Sakarya, will be commissioned in 2023, the Ministry of Transport and Infrastructure of Turkey told Trend.
The ministry noted that the construction of the railway began in 2005.
"The cost of the project exceeds 10.7 billion Turkish liras ($1.23 billion), 6.93 billion liras ($802 million) of which are foreign loans. In 2020, 8.2 billion liras ($949 million) were spent on the project," the ministry said.
“In Turkey, work is underway on the implementation of 469 transport and infrastructure projects with a total cost of 694.7 billion liras ($80.1 billion). Of these funds, 179 billion liras ($20.7 billion) are foreign loans,” the ministry said.
Among these projects there are those, the implementation of which began in previous years, the message of the ministry said.
In 2021, over 42.4 billion liras ($4.9 billion) will be allocated for the implementation of transport and infrastructure projects in Turkey, nearly 6 billion liras ($694.7 million) of which will be attracted via foreign loans.
In 2020, 282.7 billion liras ($32.7 billion) were allocated for the implementation of transport and infrastructure projects in Turkey, over 56.8 billion liras ($6.57 billion) of which came from foreign loans.
(1 USD = 8.6399 TRY on Aug. 12)