Rail News

DATE

November 25 , 2021


President's Approval for Bursa High Speed ​​​​Train Project Foreign Loan

Rayhaber 
22 November, 2021 (Turkey)

President's Approval for Bursa High Speed ​​​​Train Project Foreign Loan

While the project, which will bring Bursa to a high-speed train, almost turned into a snake story, two developments took place one after the other. The foreign loan, which was found by the main contractor of the high-speed train project, was approved by the President after the approval of the Treasury.

The Treasury did not approve the first foreign loan found by Kalyon İnşaat, the main contractor in the high-speed train project, due to the high cost, and a new process started on the subject.

Editor-in-Chief of Olay newspaper Ahmet Emin YılmazAccording to the latest development, the process regarding the new loan from Sweden and Denmark has been completed.

While it was stated that the process was prolonged due to the environmental sensitivity of the creditor institutions, the file was first approved by the Treasury. A few days after the Treasury's approval, the file was approved by the President.

Thus, the financing problem of the Osmaneli-Yenişehir-Bursa-Bandırma High Standard Railway project was solved.

Source
https://en.rayhaber.com/2021/11/Presidential-approval-for-bursa-high-speed-train-project-foreign-loan/

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