News
04 September 2025

OPEC Fund commits €150m to ECA-backed Turkiye rail project

In:
Social infrastructure, Transport
Region:
Europe

OPEC Fund for International Development has committed €150 million (about $175 million) to the Kars-Igdır-Aralık-Dilucu (KIAD) Railway Project in eastern Turkiye to improve trade connectivity between Europe and Asia. The high-standard electrified railway will span 224km with double tracks,...

Exclusive subscriber content…

If you are a Proximo subscriber, please login to continue reading

Login

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to Proximo Intelligence contact us

Request Access

You might also like


Perspective
27 March 2026

Are climate funds a good fit for DFIs?

DFIs are increasingly turning to funds to deploy their capital, with the product increasingly rivalling project finance structures. But the benefits in scale and risk...

Perspective
31 March 2026

Has SkyNRG removed doubts about SAF’s future?

The financing for SkyNRG’s DSL-01 SAF plant represents a bold bet on the fuel by its offtaker KLM. Until the industry can silence doubts about costs and policy support,...