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UKEF announces UK–Turkey clean transport deal worth £1.7bn

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Published on: 17 March 2022

Published by LNB News

LNB News 17/03/2022

Document Information

Issue Date: 17 March 2022

Published Date: 17 March 2022

Jurisdiction(s): England, Northern Ireland, Scotland, Wales and Turkey

Article summary

UK Export Finance (UKEF) has announced that the UK and Turkey have agreed a clean civil infrastructure/transport deal worth £1.7bn, the biggest ever deal between both countries, which will help finance a new 503 km high speed electric railway line in Turkey. The deal was designed to help Turkey finance major climate-friendly projects and meet its COP26 commitments, but it will also boost the UK economy, due to a number of lucrative nine-figure contracts which are set to be awarded to UK businesses.

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