The Asian Development Bank (ADB) approved a 645.8-million-euros ($750-million) loan to finance the construction of a 127-kilometer railway line in Türkiye, advancing the country’s role as a vital transport and logistics hub linking Europe and Asia, the bank stated on Tuesday.
The Istanbul North Rail Crossing Project (INRAIL) aimed to bypass the Istanbul metropolitan area and provide a high-capacity overland rail link across the Bosporus.
The project planned to connect two main airports to the national rail network.
Asian Development Bank Director General for Central and West Asia Leah Gutierrez said this flagship rail project reinforced Türkiye’s strategic role as a key link between Asia and Europe, providing faster, high-capacity, and more reliable movement of freight.
Gutierrez stated that the collaboration of international financial institutions maximized development impact and efficiency.
