According to the World Bank, Turkey ranks 3rd globally in Public-Private Partnership (PPP) projects, with a total contract value of USD 165 billion in 1990-2015. With its place as a bridge between the East and the West, Turkey leads the Middle Corridor at the heart of the Belt and Road Initiative. Turkey's Transportation and Infrastructure Ministry's investments from March to October totaled $5.7 billion as the country's projects proceed despite the pandemic. The freight transportation via railways, which is currently 30 million tons annually, will reach 45 million tons in 2023. Turkey also ranked fourth in the average number of flights in Europe. Expected growth in Turkey’s total installed power generation capacity from 2018 to 2023 is 35%.
Turkey pursues infrastructure projects despite pandemic
IBS Insurance and Reinsurance Broking CEO Murat Çiftçi evaluating the investment projects in the last ten years in Turkey stated "Turkey forms a total investment pool of $ 400 billion for 2023 in the framework of the planned targets. The primer projects concern investments in transportation, health, telecom, renewable and nuclear energy sectors.”
On the Covid 19 Pandemic, Turkish Minister of Transportation and Infrastructure Adil Karaismailoğlu stated that despite challenging conditions of pandemic, the construction works in infrastructure projects are being held unremittingly.
The Northern Marmara Motorway
On the developments in infrastructure sector in 2020, Minister Karaismailoğlu once again stated, “We have implemented dozens of projects in 2020. The last phase of the Northern Marmara Motorway, the locomotive of Eurasia, which reduces the traffic burden of Istanbul and Marmara Region, has been completed. The symbol of our worldwide logistics power, the China Export Train left Istanbul on December 4. It traveled 8 thousand 693 km and reached Xi'an, China, on 19 December”
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