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Turkish Minister Reports $355B Transport Investment

Turkish Minister Reports $355B Transport Investment

The Turkish Minister of Transport and Infrastructure announced that Turkey has invested around $355 billion in the transport sector over the past 23 years, and these investments are expected to contribute approximately two trillion dollars to the economy over the next decade. He pointed out that Turkey's strategic location on the "Central Corridor," which connects Asia and Europe, enhances its position as a commercial hub. Efforts are ongoing to develop infrastructure and increase border crossings, including the Northern Istanbul Railway Project, which was financed with $6.75 billion. The Central Corridor links China and Europe through multiple countries, stretching over more than 4,000 kilometers, reducing delivery times to 15 days, and establishing Turkey as a major hub for global trade.

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