5 billion dollar rail investment coming

5 billion investment in railways is coming: The government approved the decision of the High Planning Council (YPK) on the implementation, coordination and monitoring of the 2015 program.



In the decision of the Council of Ministers published in the current issue of the Official Gazette, it was stated that in order to achieve the targets in the 2015 program, policies, strategies, regional plans, programs and investments for regional development were followed and carried out in a coordinated manner.

According to the Ministry of Development's approval, the projects over 100 million liras will be decided by YPK in the investment program.

Public organizations can employ the personnel they need for the facilities to be commissioned with the approval of the relevant ministry within the investment period.

In the list published in the Official Gazette, it is estimated that the investments of state-owned enterprises and their subsidiaries and business enterprises with more than half of their capital owned by the state in 2015 will total TL 11.17 billion.

Accordingly, most investment 5.0 billion pounds with the State Railways Administration (TCDD), with 1.65 billion pounds Turkey Electricity Transmission Company (TEIAS) and 1.45 billion pounds Turkey Petroleum Corporation (TPAO) will do.


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