$2B World Bank Financing for Istanbul Mega Rail Line
World Bank Greenlights $2B for Istanbul Mega Rail Project
Türkiye has secured €1.67 billion ($1.98B) from the World Bank to build a 127-kilometer rail line connecting Istanbul’s Asian and European sides, including major airports. The line, designed to bypass central Istanbul, will carry 33 million passengers and 30 million tonnes of freight annually.
Project Route and Key Connections
Half of the route will run through tunnels, linking:
- Gebze
- Sabiha Gokcen Airport
- Yavuz Sultan Selim Bridge
- Istanbul Airport
- Halkali
The project is expected to create up to 414,000 better-paying jobs and boost manufacturing, agriculture, and services.
Financing and Support
Treasury and Finance Minister Mehmet Simsek said total favorable financing for the project could reach $6.75B, with additional support from international institutions.
“This strategic investment will strengthen Türkiye’s role as a logistics hub and enhance rail infrastructure efficiency,” said Humberto Lopez, World Bank country director.
The World Bank emphasized its commitment to sustainable, resilient infrastructure supporting inclusive growth and regional integration.
