$350m World Bank loan will boost Turkey's rail connectivity

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Social infrastructure

Region:

Europe

The World Bank is providing a €314.5 million ($350 million) loan to Turkey for improving its rail connectivity and logistics,

The Turkey Rail Logistics Improvement Project aims to reduce transport costs in selected rail freight corridors. The financing will help revitalize the transport and logistics sector and contribute to the sustainability of cargo owners operating supply chains in the project’s target corridors in the aftermath of the COVID-19 pandemic, the bank said.

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