Turkey to invest EUR 40 billion in railways until 2023

??????????During a conference organized by TÜV SÜD in Istanbul, the representatives of the railway sector discussed about the new technologies along with the new regulations, challenges and solutions concerning the sector.
According to the debate, USD 45 billion (EUR 40 billion) of the USD 350 billion (EUR 309.6 billion) investment that is scheduled to be assigned to the transportation sector is planned to be allocated to the railways. Of the total 13000 kilometers of railways to be constructed until 2023, 3500 kilometers will be of high-speed, 8500 kilometers will be of fast and 1000 kilometers will be of conventional railways, which increase the importance of this sectoral meeting.
”The modernization of railways in Turkey is a very crucial phase that is full of challenges as well as opportunities. Turkey is at an important crossroads with respect to the development of the railways sector. We will witness the rapid development of the railway industry in the next 10-15 years. TÜV SÜD’s 50 years of experience in the railway sector will add value to the process of overcoming the problems that may be encountered during this phase. As TÜV SÜD, we aim to contribute to the safe, effective and sustainable development of the railway sector in Turkey,” Hakan Özsezer, CEO of TÜV SÜD Turkey said.
TÜV SÜD sectoral meeting entitled “Future of the Railway Sector in Turkey” bought together a large number of stakeholders from Istanbul University, Railways Regulatory Directorate General (DDGM), public and private sectors, ideas were exchanged about new regulations concerning the sector, new technologies in the world and the problems of railways.

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