Skip to main content

Turkish summit on plans for over €75 billion worth of highway-rail spending

A summit is being held for all parties involved in the Turkish Railways Authority and General Directorate of Highways ambitious plan to build more than €75 billion worth of highway and railway lines in Turkey between now and 2023. International consortiums have already begun working on major projects such as the ‘Eurasian Tunnel’ and the ‘Third Bridge on the Bosphorus’. Contractors are eagerly preparing for the next wave of mega projects like ‘Channel Istanbul’ and ‘Canakkale Bridge’, which are expected to
August 1, 2013 Read time: 1 min
RSSA summit is being held for all parties involved in the Turkish Railways Authority and General Directorate of Highways ambitious plan to build more than €75 billion worth of highway and railway lines in Turkey between now and 2023.

International consortiums have already begun working on major projects such as the ‘Eurasian Tunnel’ and the ‘Third Bridge on the Bosphorus’. Contractors are eagerly preparing for the next wave of mega projects like ‘Channel Istanbul’ and ‘Canakkale Bridge’, which are expected to be offered to tender at any stage before 2015.

The Turkey Land Transport Infrastructure Summit in Ankara from 3-5 December 2013 will bring together government authorities awarding the tenders, contractors constructing the improvements and investors financing the projects.

Related Content

  • Japanese loan aiding Nepalese tunnel project
    March 24, 2015
    The Nepalese Government is to receive a loan from the Japanese International Cooperation Agency (JICA) for a key tunnel project. The JICA loan is being offered at an interest rate of 1% for the next 40 years. The project is expected to cost in the region of US$150.1 million to construct. The new link will reduce traffic congestion on the existing Nagdhunga-Thankot road. Work is expected to commence in the next 18 months. The survey for the 2.5km tunnel has been carried out by the Department of Roads.
  • Sourcing road financing for East Africa’s network expansion
    December 4, 2015
    East Africa’s ambitious road expansion programme is seeing the network expand significantly – Shem Oirere writes The East Africa countries of Kenya, Tanzania, Uganda and Rwanda have announced ambitious road sector expansion plans in the 2015/16 financial year. This is despite their national budgets being weighed down by huge deficits and persisting lack of capacity to spend resources allocated to the sector in previous years. With the huge budget deficits, the countries will have to look for alternati
  • Mostotrest won another tender for building of Moscow-St Petersburg highway
    February 20, 2014
    The award for a key stretch of the Moscow-St Petersburg highway has been awarded - Eugene Gerden writes As expected by analysts, Mostotrest, owned by the Rotenberg brothers, won the tender for the construction of the sixth and longest section of the Moscow-St Petersburg highway. Under the conditions of the tender the company will build 209km of the highway (334-543km), which will pass through the Tver and Novgorod regions of Russia. The cost of construction is 144.6 billion Rubles (US$4.51 billion), 16 bill
  • GDDKiA to call 50 tenders in Poland worth combined €7.65 billion
    May 17, 2013
    Polish road authority GDDKiA has approved the calling of 50 tenders for road construction projects worth a combined US$9.85 billion (PLN 32bn). GDDKiA has decided to allow contractors to carry out changes in one half of the projects supplied by the authority, which will, it says, allow the relations between the investor and the contractor to become more efficient. However, it can also act as an encouragement of the building companies to save on quality. Work on the road construction projects being put up fo