{"id":46168,"date":"2024-05-17T00:37:42","date_gmt":"2024-05-16T14:37:42","guid":{"rendered":"https:\/\/www.vibewire.com.au\/?p=46168"},"modified":"2024-05-17T00:37:42","modified_gmt":"2024-05-16T14:37:42","slug":"british-steel-wins-contract-to-supply-rail-for-adana-gaziantep-line-in-turkey","status":"publish","type":"post","link":"https:\/\/www.vibewire.com.au\/?p=46168","title":{"rendered":"British Steel wins contract to supply rail for Adana &#8211; Gaziantep line in Turkey"},"content":{"rendered":"<p>BRITISH Steel has announced an order to supply rail for the 286km electrified line under construction between Adana and Gaziantep in Turkey.<\/p>\n<p>While the precise value of the order has not been released, British Steel says the \u201cmulti-million pound\u201d contract will see it deliver \u201ctens of thousands of tonnes\u201d of rail from its plant in Scunthorpe.<\/p>\n<p>The first shipments of 60E1 profile rail manufactured to grade R260, weighing 60.2kg\/m and supplied in 36m lengths, will leave Britain in the second quarter of this year.<\/p>\n<p>The new line between Adana and Gaziantiep will be used by passenger trains operating at up to 200km\/h and is expected to reduce CO2 emissions by over 150,000 tonnes a year.<\/p>\n<p>British Steel says that a \u00a3680m loan underwritten by British export credit agency <a href=\"https:\/\/www.railjournal.com\/financial\/uk-export-finance-guarantees-e781m-for-turkish-line\/\" target=\"_blank\" rel=\"noopener\">UK Export Finance<\/a> (UKEF) has been pivotal to the project.<\/p>\n<p>The loan to R\u00f6nesans Holding of Turkey that is building the new line has been guaranteed by UKEF on the condition that British companies supply goods and services for the project.<\/p>\n<p>\u201cOur fruitful collaboration with British exporters has secured \u20ac781m in financing for the transformative high-speed electrified railway in southern Turkey, adding tremendous value to the cooperation between Turkey and UK exports and services while paving the way for exciting global partnerships,\u201d says Mr Erman Il\u0131cak, president of R\u00f6nesans Holding.<\/p>\n<p>\u201cThis is the start of what we expect to be a new unique partnership between British Steel, UKEF and international contractors,\u201d says Mr Craig Harvey, commercial director &#8211; rail at British Steel.<\/p>\n<p>\u201cThe ability to combine world-leading quality rail with a world-leading finance solution for supply into global markets and networks is an unparalleled supply chain solution.\u201d<\/p>\n<p><em>For detailed data on rail projects in Turkey, subscribe to <a href=\"https:\/\/irjpro.com\/\">IRJ Pro<\/a>.<\/em><\/p>\n<p>The post <a href=\"https:\/\/www.railjournal.com\/financial\/british-steel-wins-contract-to-supply-rail-for-adana-gaziantep-line-in-turkey\/\">British Steel wins contract to supply rail for Adana &#8211; Gaziantep line in Turkey<\/a> appeared first on <a href=\"https:\/\/www.railjournal.com\/\">International Railway Journal<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>BRITISH Steel has announced an order to supply rail for the 286km electrified line under construction between Adana and Gaziantep in Turkey. 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