EU grants Turkey 275 million euros to build railway to Bulgaria

Dünya Executive - - OVERVIEW -

The European Union will grant Turkey 275 million euros ($311 million) to fund part of a 155-kilometre railway line from Istanbul to the Bulgarian border under an agreement signed on June 11. The 1.1 billion euro Halkali-Kapikule project is the fourth major railway to be partly financed by the EU, which has so far provided around 840 million euros in grants for Turkish railways in the past eight years. The June 11 agreement will help fund the constructi­on of almost half of the Halkali-Kapikule line with the remainder to be financed by Turkey’s State Railway (TCDD). Christian Berger, the head of the EU delegation to Turkey, said the project would facilitate freight transport between Asia and Europe. Turkish Transport and Infrastruc­ture Minister Mehmet Cahit Turhan said the project would help show Turkey’s commitment to working together with the bloc. “I wish success for this project, which will make our unificatio­n process with the EU all the more visible in every aspect,” Turhan said.

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