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FinancialNews
02-07-20
World Bank supports Turkey's train connectivity, logistics
(MENAFN) On Tuesday June 30 The World Bank stated that the Bank is supplying a 314.5 million Euro (350 million USD) mortgage to Turkey for improving its train connectivity and logistics.
The Bank stated that the Turkey Rail Logistics Improvement scheme aspires to decrease transport costs in selected railing cargo passageways and to reinforce institutional capability at the Transport and Infrastructure Ministry to bring train cargo connectivity and supervise rail-enabled logistics centers.
World Bank added that the financing will assist invigorate the transport and logistics division and supply to the sustainability of freight owners working supply chains in the scheme's aim passageways in the result of the Coronavirus pandemic.
Auguste Kouame World Bank Country Director for Turkey pressured that railing accounts for 4 percent of Turkey's carried tonnage in spite of having financial geography and product occupation distinctiveness
MENAFN0207202000450000ID1100420546
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