Turkish infrastructure giant Gulermak has secured a $400M Railway Contract to rebuild and modernize a critical segment of Serbia’s Belgrade–Nis railway, enhancing regional transportation networks. This is reported by the railway transport news portal Railway Supply.

Turkish infrastructure giant Gulermak has secured a $400M Railway Contract to rebuild and modernize a critical segment of Serbia’s Belgrade–Nis railway, enhancing regional transportation networks
Photo via gulermak.com.tr

Gulermak announced the tender result on Friday through Türkiye’s Public Disclosure Platform (KAP) after Serbian authorities formally confirmed the company’s winning bid.

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The project will focus on reconstructing the Stalac–Dunis section and adding a second track to increase railway capacity.

The firm partnered with YSE Yapi Sanayi for this major infrastructure effort. Together, they aim to improve transportation reliability and streamline cargo and passenger movement across the key Serbian corridor.

Gulermak’s Strong Track Record in Railway Contract Projects

Founded in 1958, Gulermak Heavy Industry Construction and Contracting has consistently led major international infrastructure initiatives. Its portfolio spans over 260 kilometers of tunnels and 120 metro stations globally.

Previous projects include Turkey’s Istanbul M4 Metro line, the Dubai Metro in the UAE, India’s Kanpur Metro, and Poland’s Swinoujscie Tunnel. These successes highlight Gulermak’s expertise in large-scale transportation infrastructure.

In 2024, Gulermak exceeded $1 billion in annual revenue, according to its financial reports. Additionally, the company launched its IPO in January, now trading on the Istanbul Stock Exchange under the ticker GLRMK.

New Railway Contract Strengthens Gulermak’s Global Presence

Winning the Serbian Railway Contract strengthens Gulermak’s position as a global infrastructure powerhouse. The company continues to expand strategically, combining strong technical capabilities with a clear growth vision.

With rising global demand for modernized rail systems, Gulermak remains poised for more high-value projects. Its track record and strategic collaborations ensure its leadership role in the evolving transportation sector.

Source: www.turkiyetoday.com

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