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    Reference: 20040379
    Release date: 20 October 2006

    Promoter – Financial Intermediary

    Turkish State Railways, TCDD.



    Construction of a high-speed railway line along the Istanbul-Ankara corridor.


    The project aims at significantly improving the rail connection between the coutnry’s two largest cities by cutting travel time from currently some eight hours to three hours.


    Proposed EIB finance (Approximate amount)

    EUR 650 - 850 million.

    Total cost (Approximate amount)

    Approx. EUR 2.5 billion.

    Environmental aspects

    The project’s compliance in carrying out an EIA in line with EU EIA directives will be verified during appraisal.


    The project’s procurement procedures’ compliance with the EIB guide to procurement will be verified during appraisal.


    Signed - 14/12/2006


    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Turkey Transport