UK and Turkey agree £1.7 billion deal to boost British rail industry - CILT(UK)
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UK and Turkey agree £1.7 billion deal to boost British rail industry

18 March 2022/Categories: Industry News, Rail


The UK government’s biggest ever sustainable, civil infrastructure deal will help finance a new high speed electric railway line in Turkey to decarbonise travel, with major contracts awarded to British businesses.

This is the first UK-supported rail transaction in Turkey for over 160 years, and forms part of Turkey’s plan to transform high speed rail in the country. The new 503km electric-powered railway line will connect Ankara, Tukey’s capital, to the city of Izmir. When complete, the new line will provide a faster, lower carbon alternative to current air and road routes between the two cities, helping to fulfil Turkey’s climate change commitments made at COP26.

International Trade Secretary Anne-Marie Trevelyan said: “Turkey is a vital trading partner for the UK. Our shared global outlook on free trade and the environment is the driving force behind economic growth in our two nations. It is fitting that UK Export Finance’s biggest ever civil infrastructure deal is strongly sustainable. This is a proud moment for the UK railway industry, using its industrial roots to reduce emissions in heavily polluted cities.”

The deal will secure major contracts for UK companies of all sizes to supply to the project, with several nine-figure deals for UK companies close to being agreed. Engineering and construction giants ERG International Group is using its close ties with the UK supply chain to support the project. UK companies are expected to supply British-made railway lines, turnouts, point machines, fasteners, material and equipment for signalling, telecommunication and electrification systems, as well as vital insurance and freight services.

 

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