New rail line links Turk­ish port with China and UK

Dünya Executive - - BUSINESS -

One of Turkey’s largest con­tainer ter­mi­nals, DP World Yarimca, was con­nected to China and Lon­don by rail on July 30. Inau­gu­rat­ing the new rail line, Turk­ish Min­is­ter of Trans­porta­tion and In­fra­struc­ture, Mehmet Cahit Turhan, said the new rail­way line will link Yarimca Har­bor with the main rail­way net­work. The ter­mi­nal is in the Gulf of Izmit, at the east­ern­most edge of the Sea of Mar­mara.

“When we look at the is­sue from a broad per­spec­tive, the new line has pro­vided a di­rect con­nec­tion be­tween China and Lon­don via Turkey,” he said. Lo­cated in Turkey’s in­dus­trial prov­ince of Ko­caeli, the ter­mi­nal is op­er­ated by the UAEbased port man­age­ment firm, DP World Har­bor.

“With this new line, the har­bor has the chance to reach ev­ery cor­ner of Turkey,” the min­is­ter added. He said TRY 133 bil­lion ($23.84 bil­lion) have been in­vested to

mo­bi­lize Turkey’s trans­porta­tion sec­tor, to re­al­ize the po­ten­tial of coun­try’s ge­o­graph­i­cal po­si­tion­ing, which makes it a nat­u­ral lo­gis­tics base.

Since 2003, Turkey has built tracks for high-speed trains and cur­rently it is en­gaged in con­struct­ing over 2,000 kilo­me­ters (1,109 miles) of rail net­work, the min­is­ter said. He added that the gov­ern­ment was de­ter­mined to make Turkey an ideal lo­gis­tics hub. The pres­i­dent of Turkey’s In­vest­ment Of­fice, Arda Er­mut, said the aim was not only to pro­vide a har­bor or a rail net­work but to pro­vide trans­porta­tion fa­cil­i­ties and link­ages across the world.

Kris Adams, the top man­ager of the DP World’s Yarimca Har­bor, noted that the har­bor, which has a crit­i­cal role in link­ing Chi­nese and Euro­pean mar­kets, will also con­trib­ute to Turkey’s strate­gic po­si­tion.

The firm seeks to in­vest $600 mil­lion in Yarimca Har­bor, to focus on in­creas­ing ex­ports from Turkey.

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