BAKU, Azerbaijan, Sept.8
Trend:
The logistics center in Turkey’s Istanbul will be completed in late 2024, the country’s Ministry of Transport and Infrastructure told Trend.
The construction of the center began in 2019, the ministry reminded, adding that the center is being built in Istanbul’s European part.
As earlier reported, by the end of 2024, nine logistics centers with a total value of 2.3 billion Turkish liras ($280 million) will be created in 13 provinces of Turkey.
In Turkey, work is underway on the implementation of 469 transport and infrastructure projects with a total cost of 694.7 billion liras ($83.6 billion). Of these funds, 179 billion liras ($21.5 billion) are foreign loans. Implementation of some of the projects began in previous years.
In 2021, over 42.4 billion liras ($5.1 billion) will be allocated for the implementation of transport and infrastructure projects in Turkey, nearly 6 billion liras ($720 million) of which will be attracted via foreign loans.
In 2020, 282.7 billion liras ($34 billion) were allocated for the implementation of transport and infrastructure projects in Turkey, over 56.8 billion liras ($6.8 billion) of which came from foreign loans.
(1 USD = 8.3130 TRY on Sept.8)