Turkey to invest $15 billion in railroad transportation

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.