EBRD, EIB Back Railway Project in Turkish City

The European Bank for Reconstruction and Development and the European Investment Bank are investing €150 million ($212 million) in the expansion of railways in a Turkish municipality.

The funding will back improvements to an overground rail system and support the planned expansion of a public light railway in Bursa, which is one of Turkey’s major industrial centers. These initiatives aim to create better and more environment-friendly transport options and services in the city. 

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About the author

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    Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.