Turkey Launches $8.1B Istanbul Northern Railway Project to Boost Trade Routes
Turkey is set to boost its global trade routes and infrastructure with the Istanbul Northern Railway Project. This ambitious plan aims to meet modern standards while minimizing environmental impact and easing freight traffic in Istanbul. The project, with a total cost of $8.1 billion, will connect Çayırova to Çatalca via a 125-kilometer global entry railway line, crossing the Bosphorus using the Yavuz Sultan Selim Bridge.
The project, expected to strengthen east-west global entry trade routes, is a strategic move by Turkey to promote regional and global trade, diversify supply chains, and support sustainable development. It is the first large-scale international railway tender in Turkey with multiple global lenders involved simultaneously. The international tender notice is set to be issued by the end of this year, with major international institutions including the World Bank providing tradingview financing. Although specific information on international creditors is not yet available, the project is poised to utilize Turkey's strategic geographical position to enhance its trade capabilities.
The Istanbul Northern Railway Project, with its $8.1 billion investment, is a significant step towards modernizing Turkey's infrastructure and bolstering its global trade routes. The project's tender is expected to attract multiple global lenders, further solidifying Turkey's commitment to sustainable development and regional trade promotion.
