PDA

View Full Version : UK Announces £680m For New High-speed Electric Railway In Turkey



NewsBot
24-Jul-23, 18:22
The Caithness Business Index (http://www.caithness-business.co.uk) has posted the following article:

UK Announces £680m For New High-speed Electric Railway In Turkey




UK government backing enables completion of a 286km electric railway in southern Turkey, connecting major cities with a high-speed, lower-carbon route. €781m support unlocked by UK Export Finance - equivalent to £680m – will enable Rönesans Holding to finish construction of a high-speed electrified railway connecting Mersin with the cities of Adana, Osmaniye and Gaziantep Offering a lower-emission transport link between Turkey's second-largest container port and inland cities over 150 miles away, the railway is expected to reduce CO2e emissions by over 150,000 tonnes a year UKEF’s backing creates multimillion-pound export contract opportunities for UK suppliers to the rail sector UK Export Finance (UKEF), the UK government’s export credit agency, has underwritten €781m of financing – equivalent to £680m – to support construction of a 286km high-speed electric railway in southern Turkey. [Read Full Article (https://caithness-business.co.uk/article/20838)]