Release date: 20 October 2006
Promoter – Financial Intermediary
Turkish State Railways, TCDD.Location
Description
Construction of a high-speed railway line along the Istanbul-Ankara corridor.
Objectives
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.
Sector(s)
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.
Procurement
The project’s procurement procedures’ compliance with the EIB guide to procurement will be verified during appraisal.
Status
Signed - 14/12/2006
Disclaimer
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).