ISTANBUL
The United Kingdom said on March 17 that it had agreed its biggest-ever civil infrastructure export finance deal to underwrite a high-speed rail line between the Turkish capital Ankara and the Aegean province of İzmir, the third largest city in Turkey.class=”cf”>
“U.K. government’s biggest ever sustainable, civil infrastructure deal will help finance a new high speed electric railway line in Turkey to decarbonize travel, with major contracts awarded to British and Turkish businesses,” read a statement from U.K. Export Finance (UKEF).
UKEF will guarantee a 2.1 billion euro ($2.3 billion) loan to fund 503 kilometers of high-speed electric railway.
Several contracts worth hundreds of millions of pounds were expected to be awarded for British-made railway lines, signalling and electrification systems, it said.
Engineering and construction…