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MULTIMEDIA
May 27, 2012
 
 
 
 
 
 

Turkey to invest $12 bln in high-speed railway

12 February 2010 / REUTERS, İSTANBUL
Turkey plans to invest about $12 billion over the next decade to build a high-speed railway network and shift more traffic to trains, a Turkish State Railways (TCDD) official said on Wednesday.
Railroads currently carry 3 percent of passenger and 5 percent of freight traffic in Turkey, said Muammer Kantarcı, board director of the TCDD’s vehicle-production unit, the Turkish Wagon Industry Corporation (TÜVASAŞ).

Turkey opened its first high-speed railroad in March, a $4 billion electrified and signaled double line that links the capital Ankara to the western city of Eskişehir.Construction of a further $1.27 billion high-speed link from Eskişehir to İstanbul has begun after a Chinese consortium won the tender, Kantarcı said.

“A total 2,297 kilometer of high-speed rail projects are planned. This is an investment of $10.4 billion,” Kantarcı said. With this, there will be 74 high-speed vehicles, so the high-speed investment by 2010 is seen at almost $12 billion.

 
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