| Project Detail |
Project Description A sovereign loan of up to EUR 100 million to the Republic of Turkey. The loan will be on-lent to Turkish State Railways, or TCDD. The financing will be for the construction of an approximately 76 km section of a new high-speed railway line from Halkali station, Istanbul, to just before Cerkezkoy station including: 200 km/h max speed, double track, electrified railway and the required systems including ERTMS Level 1, power supply and auxiliaries; and Modification of relevant existing infrastructure, including stations and connections to existing railway line. The project is the second phase of the new high-speed railway between Istanbul and Kapikule (the Halkali - Kapikule railway line), near the Bulgarian border. The Halkali - Kapikule railway line will be a part of the Trans-European Transport Network (TEN-T). The Phase 1, between Cerkezkoy station and Kapikule, which is financed separately, is not a part of the EBRD project. The project will be co-financed by the Asian Infrastructure Investment Bank (AIIB). Project Objectives The project involves the development of safe, sustainable, low-carbon, and expedient passenger and freight rail transport between Turkey and the European Union to further facilitate trade via a new high-speed railway from Halkali to Cerkezkoy. |
