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World Bank approves $2bn loan: ‘Bosphorus rail capacity to grow from 3 to 50 million tonnes’

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April 1, 2026
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The World Bank has approved a two billion dollar loan for Türkiye’s Bosphorus rail connection (INRAIL). The sea strait is currently a major bottleneck for…

World Bank enables $1.41 billion in funding for Middle Corridor and KTZ

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February 24, 2026
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The World Bank’s Board of Executive Directors has approved a 846 million dollar funding guarantee by the International Bank for Reconstruction and Development (IBRD). This…

World Bank enables $1.41 billion in funding for Middle Corridor and KTZ

Guest authors
February 24, 2026
0

The World Bank’s Board of Executive Directors has approved a 846 million dollar funding guarantee by the International Bank for Reconstruction and Development (IBRD). This…

‘Middle Corridor development will require 28 billion dollars’

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September 29, 2025
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In the coming 15 years, the development of the Middle Corridor will require around 28 billion dollars in investments, says the World Bank. The vast…

World Bank funds Iraqi Development Road with close to a billion dollars

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June 26, 2025
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A large section of the Iraqi Development Road, a rail project that looks to connect Iraq’s southern coast to its northern neighbour Türkiye, will get…

Ukrainian Railways receives half a billion euros in international support

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June 13, 2024
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Ukrainian Railways (UZ) is receiving approximately 500 million euros in international financial support. The money comes from the European Bank for Reconstruction and Development (EBRD) in the form of a loan, as well as from the World Bank and Switzerland as a grant. The money is to be spent on electric locomotives and infrastructure. UZ,…