With EUR 15.51 billion allocated for the rail sector as part of the Turkey Vision 2023 plan, the country is expected to have a total conventional rail network length of 25,940 km and a HSR network length of 10,000 km. In addition, the plan commits to improving signalling and achieving electrification of over 4,620 km, writes the ”Strategic Analysis of the Turkish Rail Market”, by Frost & Sullivan.
“Tapping one such business model, the Turkish State Railways is being restructured to primarily function as an infrastructure manager, while rail operations are spun off as a private entity. The separation of infrastructure and rail operations will increase the overall efficiency of the nation’s railway system,” noted Frost & Sullivan Automotive & Transportation Research Analyst Shyam Raman.
Over time, open access policies will also stimulate the market through the addition of new fleets, foreign investment, and increased international traffic. These policies will also stoke competition among existing market participants and new foreign participants.