News
23 July 2025

Turkey secures €2.4bn ECA-backed rail project funding

In:
Transport
Region:
Europe

Turkey has secured an ECA-backed €2.4 billion ($2.8 billion) green financing package for a railway project that aims to make a direct connection to Azerbaijan's Nakhchivan exclave.The agreement was signed with a group of lenders led by MUFG and backed by Swedish ECA EKN and Austria's...

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