UK Export Finance guarantee a EUR2.1 billion loan to fund construction of 503km high speed electric railway
Huge nine-figure contracts set to be awarded to UK rail suppliers as a condition of UK support
Deal announced at UK-Türkiye Green Finance Conference designed to help Turkey finance major climate-friendly projects and meet its COP26 commitments
UK government’s biggest ever sustainable, civil infrastructure deal will help finance a new high speed electric railway line in Turkey to decarbonise travel, with major contracts awarded to British and Turkish businesses.
The EUR2.1 billion green financing will be guaranteed by UK Export Finance (UKEF), through its Buyer Credit Scheme, with Credit Suisse and Standard Chartered structuring and coordinating banks arranging the transaction.
This is the first UK-supported rail transaction in Turkey for over 160 years, and forms…