Turkey to invest EUR 3 Billion in railway projects in 2015

TCDDTurkey’s Minister of Transport, Lutfi Elvan, announced that this year’s priority projects are railway transport projects for which investments of TRY 9 Billion (over EUR 3 Billion).
The cost of investments is increasing compared to last year when TRY 5 Billion (EUR 1.8 Billion) were invested.
Turkey plans to develop its rolling stock production and the high-speed railway network. At the end of 2014, the Turkish Government announced plans to build new high-speed railways, among which Istanbul-Ankara, using the “build and operate” model with investments worth USD 4.5 Billion.
The authorities plan that by 2013, investments allocated in railway infrastructure projects (including metro) would be estimated at EUR 10 Billion.


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