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A consortium of international lenders led by French multinational bank Societe Generale will provide €1.55 billion ($1.80 billion) in external financing for the Dortyol–Hassa Highway and Railway Project in southeastern Türkiye, the Treasury and Finance Ministry announced Monday.
The group includes various commercial banks under guarantees from the Swedish Export Credit Agency (EKN) and the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a member of the Islamic Development Bank Group.
The project, managed by the General Directorate of Infrastructure Investments within the Transport and Infrastructure Ministry, aims to substantially improve the competitiveness of the Southeastern Anatolia Region.
Once completed, the transport corridor will directly connect Iskenderun Bay in Hatay province to industrial zones in Osmaniye and Kahramanmaras provinces, located behind the Amanos Mountains, and extend to Gaziantep province by both road and rail.
The new links are expected to enhance regional trade, promote tourism, and stimulate economic growth.
In addition to economic benefits, the project is designed to make regional transport infrastructure more earthquake-resistant.
It forms part of Türkiye’s broader effort to secure foreign capital to rebuild and modernize infrastructure in areas affected by the February 2023 Kahramanmaras-centered earthquakes.
Officials expect it to support social development and contribute to Türkiye’s export capacity.
With this latest funding, the total amount of external resources secured for Türkiye’s railway sector so far this year has reached approximately €4.2 billion ($4.89 billion).
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