The European Union finances the last leg of the Ankara-Istanbul High Speed Train Project with a grant of 136 million Euros and a European Investment Bank loan of 1.45 billion Euros. Spain is also contributing to the project with a loan of 500 million Euros.
The project, which will significantly shorten the travel time, is expected to support economic development, improve the quality of life and provide environmental benefits.
Transportation Minister Binali Yildirim and the European Union Delegation to Turkey President, Ambassador Jean-Maurice Ripert, hosted in 27 Tuesday, March Köseköy train station in the groundbreaking ceremony will be run, EU Minister and Chief Negotiator Egemen Bagis, the European Commission's Vice President in charge of Regional Policy Normunds Popens and the ambassador of many EU member states will also participate.
Upon completion of this line, travel time between Ankara and Istanbul will be reduced to three hours. The project is also expected to contribute more than 3 billion euros to the Turkish economy. The project will also contribute to the protection of the environment by encouraging passengers and passengers who prefer the road and airline to reduce their emissions of harmful greenhouse gases.
Ankara-Istanbul High Speed Train project in Turkey's EU accession process for determining the public policy priorities in the transport sector in the context and "Transport Sector Operational Program (TROP)" in the scope of so-called program is among the key priorities. The main objective of the program, between different modes of transportation in Turkey reconstitution of a reasonable balance.
During the ceremony between Turkey and the EU toward the modernization of the Ankara-Karabük-Zonguldak railway line 188 million euros in a project to be taken at signature. Thus, by the EU, the amount of financial support for the railway sector will reach 2013 million euros until 600.