The EIB, the Istanbul-Ankara High Speed Train 200 million Euros are more available for the Line: The European Investment Bank, the country's new contribution to the Republic of Turkey to the main transport corridor between Ankara and Istanbul State Railways account 200 million Euros was passed. With this additional funding, the total EIB support for the high-speed train line is at the level of 1.5 billion EURO.
The financing contract was signed in Ankara today with an official ceremony. Mr. Undersecretary of the Treasury on behalf of the Republic of Turkey. Ibrahim Çanakcı, on behalf of the EIB EIB President Werner Hoyer, EIB Vice President responsible for Turkey's host during an official visit to Turkey. They were signed with Pim van Ballekom.
On this occasion, EIB President Werner Hoyer made the following statement: This ease Turkey's large-scale priority projects and transport method and the position of the EIB funding as a key partner of these countries in the work to change the balance in favor of the railways is further strengthened. I'm happy to know that this project is still advancing rapidly towards the end of this project. We have a strong partner in Turkey for about fifty years as EU banks. Our presence here today, underlines the Bank's growth and innovation to strengthen stability in Turkey. In the last ten years, the Bank has provided a high amount of loans, such as 17 billion EURO. In particular, we are seeing a leap in the Bank's activities since 2005, which today has a strong annual volume of around 2 billion EURO. This also Turkey when until now the largest recipient of EIB financing outside the Union and Union, including evaluation xnumxnc brings the biggest beneficiary of the position. This increase EIB financing in Turkey and is also a reflection of the changes that occurred between the European Union and Turkey ".
This project was first funded by the EIB in 2006. It aims to build the first high-speed train line between the two largest cities in the country. It will also provide a reciprocal link with the Marmaray Bosphorus Tunnel, which is being financed by the EIB. Thus, the train connection between the two continents will be possible. There are also numerous and varied benefits that will provide significant time savings for passengers, support economic development and quality of life, and bring significant environmental gains.
The project is a key element of the government's plans to increase the share of rail transport by improving efficiency and efficiency in railway operations. The EIB has been a strong supporter of this effort and thus the total value of the EIB's support for the Turkish railway system has increased to 5 billion in the last 2.5 annually.
The project has also been a strong supporter of the key objectives of EU policy and has been supported by IV. It is the continuation of the Pan-European Corridor. Thus, the European Union also provides a grant of 120 million to the HSL project through the Instrument for Pre-Accession Instrument (IPA) funds. This project is an excellent example of the complementary use of EU grants and EIB loans in this priority investment for the country's sustainable transport infrastructure.