The Asian Infrastructure Investment Bank (AIIB) has approved a 300 million euro loan for the rail link between Istanbul and the European Turkish industrial center Cerkezkoy. The European Bank for Reconstruction and Development is co-financing the project with a loan of 150 million euros.

The electrified high-speed line will become part of the Europe-Caucasus-Asia transport corridor, aimed at improving trade and transportation in the Black Sea Basin, South Caucasus and Central Asia. Supee Teravaninthorn, Director-General of Infrastructure of the AIIB, said: “The AIIB’s investment in this project is considered to be 100% climate mitigation financing and belongs to the bank’s transportation sector strategy. It is also in line with the AIIB’s commitment to connectivity, regional cooperation, and green infrastructure. Priority themes for facilities." Keywords: engineering construction, engineering news

Serhat Köksal, Acting Director-General of Turkish Economic Relations, said: "After the completion of this project, it will be an important step in strengthening our country's position as a bridge between East and West."Editor/XingWentao