2.3 Billion Dollars of Infrastructure Financing from England to Turkey

England stated that it will find a record level of 2.3 billion dollars in financing support for the 503-kilometer high-speed train project to be realized between Ankara and Izmir Port.

2.3 billion dollars will be used in the high-speed train project planned to be built between Ankara and İzmir Port. With this project, England will provide Turkey with the largest infrastructure financing ever realized. Credit Suisse and Standard Chartered Bank will manage the financing of the planned high-speed train project.

Trevelyan, the UK's Minister of Commerce, who hosted the Conference of the Parties (2021 United Nations Climate Change Conference) last year, stated that this project will greatly contribute to Turkey's green transformation goals by reducing carbon emissions in the transportation sector.

British Minister of International Trade Anne-Marie Trevelyan said about the high-speed train project, "Turkey is a critical trade partner for the UK. From this point of view, it is quite normal that the UK's largest external infrastructure financing agreement has strong continuity."

In the bill, it was noted that the agreements to be made on the creation of rail signaling and electrical systems are expected to be given to British companies.

The agreement will have a green financing structure, according to Treasury and Finance Minister Nureddin Nebati. Speaking about the project, Minister Nureddin Nebati said, "We are very pleased with the long-standing, strong cooperation with England and we hope to further strengthen this cooperation in the future."