WASHINGTON, June 30, 2020 - The World Bank’s Board of Executive Directors today approved the following project:
Turkey Rail Logistics Improvement Project
IBRD Loan: EUR 314.5 million ($350 million equivalent)
Term: Maturity = 10.5 years, Grace = 5 years
Project ID: P170532
Project Description: The project aims to reduce transport costs in selected rail freight corridors and to strengthen institutional capacity at the Turkish Ministry of Transport and Infrastructure (MoTI) to deliver rail freight connectivity and manage rail-enabled logistics centers.
For more information, please visit: http://projects.worldbank.org/en/projects-operations/project-detail/P170532