| Project Detail |
The Project is expected to finance the construction of 75.9 kilometers of new double-track, electrified, high-speed railway from Halkali station, Istanbul, to just before Çerkezköy station. It consists of two components as described below. Component A. Construction works of a 75.9km section of new high-speed railway line designed as: (i) 200km/h max speed, double track, electrified railway and the required systems, including ERTMS Level 1, power supply and auxiliaries; and (ii) modification of relevant existing infrastructure including stations and connections to existing railway line. The Project will mostly run in parallel to the existing single-track rail line. Component B. Project management, capacity building and resettlement activities. AIIB will provide capacity development and technical assistance to the implementing agency for project management, construction supervision and implementation assistance by providing financing to hire such consultants. AIIB will also finance resettlement activities, including additional payments above the compensation for land acquisition by the Turkish State Railways (TCDD) calculated according to Turkey’s Law No. 2942 on Expropriation, so as to meet the requirements of AIIB. The Project will be jointly co-financed with the European Bank for Reconstruction and Development (EBRD). Objective The objective of the proposed project is to develop 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 rail from Halkali to Cerkezkoy. |
