EIB will Fund Railway Rehabilitation Project in Turkey

EIB will Fund Railway Rehabilitation Project in Turkey
July 5, 2011 6:58 am
0
1.047
A+
A-

European Investment Bank (EIB) has extended its €145m loan to Turkish State Railways to improve the country’s rail network.

The loan will help rehabilitate and implement a signalling system on the 415km Irmak-Karabük-Zonguldak railway line.
The rail line links the Anatolia region with several ports on the Black Sea to facilitate freight and passenger transport, as well as link to the extended Trans-European Network lines.
The rail line will improve transit time and give a boost to economic development.
The project will also receive €190m from a European Union grant through its Instruments for Pre-Accession funds.

TAGS: , , , ,
railwaynews
railwaynews
Railwaynews.net is a railway information and news platform. Website presents from all around the world railway sector news, developments, projects and tender for the sector specialists. Railwaynews supports to industry events and announced them for potential participants. Railwaynews plans to collecting data from all around the world, about railway infrastructure, rolling stock, railway transportation datum, geographical datum to present for railway professionals for short term. Railwaynews will build new platforms aims to high value railway business environment for all railway specialists, railway fans and especially railway suppliers and their decision makers. Railwaynews presents whole information from rail professionals to rail professionals.
COMMENTS

This site uses Akismet to reduce spam. Learn how your comment data is processed.

No comments yet, be the first filling the form below.