The construction of the high-speed railway from Yerköy to Kayseri in Turkey

The construction of the high-speed railway from Yerköy to Kayseri in Turkey is supported by a 1.247 billion euro allocation from the United Kingdom, this is reported by the railway transport news portal Railway Supply.

The project involves collaboration with Turkish companies Doğuş İnşaat, Çelikler, and Özkar, with backing from the UK’s Department for International Trade.

An order for ŽOS Trnava for the supply of 88 four-axle hoppers has been placed

The funding includes a 1.027 billion euro credit from the European Export Credit Agencies and a 220 million euro commercial credit line supported by the Islamic Corporation for the Insurance of Investment and Export Credit.

Mitsubishi UFJ Financial Group is the sole authorized coordinator and bank agent, while parts of the credit are reinsured by financial institutions in Italy, Poland, and Austria.

The British Exporters Association believes these investments can stimulate UK business development, benefiting material and equipment suppliers.

This marks the third railway construction project in Turkey financed by the UK, SACE, and OeKB, with a combined length exceeding 900 km.

The new high-speed railway, initiated in August 2022, will connect to the Ankara–Sivas high-speed line, reducing traffic on the Yerköy–Kayseri route and cutting harmful emissions by 6.5 million tons annually.

Photo: Yüksel Proje

Rail business, industry, and railway technology news from Railway Supply that you might have missed:

A $40 million credit has been extended to “Eastcomtrans” for the acquisition of new railway wagons