Turkey and Deutsche Bank AG are in the final stages of talks for a pioneering EUR 1bn (USD 1.1bn) loan to finance liquefied natural gas purchases that will reduce the country’s reliance on Russian imports, according to Bloomberg News. Boru Hatlari ile Petrol Tasima AS, the state-owned pipeline operator known as Botas, will use the money to...
Tag: loan
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TSKB to receive EUR 53.5m EBRD loan for the green economy
The European Bank for Reconstruction and Development has provided a EUR 53.5m loan to the Industrial Development Bank of Turkey (TSKB). The loan will be used for investments in Turkish companies working on climate change solutions. The loan, granted within the frame of the EBRD’s Green Economic Financing Facilities (GEFF), will also be used for...
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The UK to provide EUR 2.1bn financial support for the Ankara-Izmir HSR
The UK government will provide EUR 2.1bn (USD 2.3bn) loan to fund the construction of the 503-kilometer Ankara-Izmir High-Speed Railway (HSR). The loan, which was announced by International Trade Secretary Anne-Marie Trevelyan and Treasury and Finance Minister Nureddin Nebati at the UK-Turkey Green Finance Conference held in London, will be the biggest ever sustainable, civil...