- Türkiye obtains €2.4B ($2.8B) in green financing for strategic Kars-Iğdır-Aralık-Dilucu railway project to link with Nakhchivan, Azerbaijan.
- The deal, led by MUFG Bank with backing from Sweden’s EKN, Austria’s OeKB, and the Islamic Development Bank’s ICIEC, marks a major international collaboration.
- The railway is a key part of Türkiye’s regional development strategy and aligns with its Medium-Term Program for infrastructure investment.
Türkiye has secured €2.4 billion ($2.8 billion) in green financing to fund the Kars-Iğdır-Aralık-Dilucu Railway Project, a strategic rail link connecting Türkiye to the Nakhchivan region of Azerbaijan, Treasury and Finance Minister Mehmet Şimşek announced Tuesday.
