The UK will provide the largest infrastructure export financing in its history for the Ankara-İzmir high-speed train line. In this context, it has been announced that 503 billion euros will be financed for the 2,1-kilometer high-speed train project to be built between Ankara and Izmir Port.
UK Export Finance (UKEF) will provide a loan of 503 billion euros to the 2,1-kilometer-long project. Credit Suisse and Standard Chartered Bank will manage the financing project.
The UK's Ministry of Commerce, which hosts the COP26 Climate Summit, stated in a statement that the project will play a major role in decarbonizing Turkey's transport infrastructure.
Anne-Marie Trevelyan, UK's Minister for International Trade, said: “Turkey is a critical trading 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,” she said. The Minister said that UK Export Finance (UKEF) will offer 503 billion euros in financing for the construction of 2,1 kilometers of high-speed rail.
As part of the project, several agreements worth hundreds of millions of pounds will be signed with companies in the UK to supply the rail, signal and electrical systems.
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