10/18/2010

China to invest in Turkish high-speed rail projects

Hurriyet Daily News - Turkish and Chinese companies will jointly construct high-speed train lines in Turkey, said Turkish State Railways (TCDD) Director General Süleyman Karaman on Friday. Under the terms of an agreement signed between China and Turkey last week, China will grant loans for the construction of a rail network between Edirne and Kars.

"We are planning to construct lines for high-speed trains between Ankara-Izmir, Ankara-Sivas, Sivas-Erzincan, Erzincan-Trabzon, Sivas-Malatya, Elazig-Diyarbakir, Eskişehir-Antalya and Konya-Antalya," Karaman told journalists. "We need USD 45 billion for Turkey's target to construct 6, 000 kilometers of high-speed tracks and 4, 000 kilometers of conventional railroad tracks by 2023. Within the scope of the agreement signed with China, China will finance USD 28 billion of this target," said Karaman. Karaman stated that China is planning to construct 2, 000 kilometers of railroad tracks both within and outside the country, and that it is working to create a market in European countries. To this end it considered Turkey an area in which to showcase its expertise and technology in high-speed rail systems.
turkey; edirne; kars; china; Turkish-chinese; high speed train; high speed rail; rail network; tcdd; suleyman karaman

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