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Home | Business | Turkey to invest $15 billion in railroad transportation

Turkey to invest $15 billion in railroad transportation

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Turkey considers investing $15 billion in railroad transportation by the year 2020, Turkish railways chief said Thursday.

  • “A total of $10 billion of this investment will be made in high-speed train project,” Suleyman Karaman Director-General of Turkish State Railways (TCDD) said in a conference.
  • In 2007, Turkey purchased first high-speed train sets, with a maximum speed of 250 kilometers per hour, from Spain's CAF company.
  • According to Karaman, some $1 billion of the money would be allocated for rehabilitation of railway network. “The rest would be spent for signalling and electric railway in the next decade,” he said.

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