AYGM has announced a general tender for the INRAIL Northern Istanbul Rail Crossing Project.
Turkey’s General Directorate of Infrastructure Investments (AYGM) has published a General Procurement Notice for the “İstanbul Kuzey Demiryolu Geçişi – Istanbul North Rail Crossing (INRAIL)” project (Project ID P509952). The announcement was published in the Resmi Gazete on February 27. Earlier, on February 24, Turkish Transport and Infrastructure Minister Abdulkadir Uraloğlu announced a preliminary agreement with six international financial institutions to secure $6.75 billion in financing. The financing will include a $2 billion loan from the World Bank, as well as co-financing from the Asian Infrastructure Investment Bank, the Asian Development Bank, the European Bank for Reconstruction and Development, the Islamic Development Bank, and the OPEC Fund for International Development. According to the minister, the Northern Ring Railway will be Turkey’s largest externally financed railway project, with tendering procedures scheduled to be completed this year.
