ISTANBUL (Reuters) – Standard Chartered Bank said on Thursday that a 1.24 billion euro ($1.40 billion) green financing deal had been signed for the Turkish Ministry of Finance to finance a new high-speed rail line in northwest Turkey. The bank said in a statement that the length of the line is 200 km, and is essential to achieving economic integration between industrial cities and the country’s rail network, and will link the cities of Bandirma and Osmanli. The loan will be arranged by the bank, and export credit institutions in Denmark and Sweden will participate. He added that the agreement covers all costs of the project implemented by the Ministry of Transport through a contract with Calyon Engineering and Construction.
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