Highway project in central Turkey secures 974 million euro loan

Turkiye Is Bankasi AS

09/10/2025 05:54

ISTANBUL, Oct 9 (Reuters) - Turkey's planned highway from the capital Ankara to Delice has secured a 974 million euro ($1.13 billion) loan in a project with a total investment of 1.4 billion euros, Transport Minister Abdulkadir Uraloglu said on Wednesday.

Speaking at the signing ceremony for the closing agreement, Uraloglu said the other 30% of the project, or 417 million euros, will be financed with equity.

The loan acquisition work was conducted by Fernas Insaat and FNS Otoyol Yatirim, he said.

The highway, from Ankara via Kirikkale to Delice, will be 120 km (75 miles) long with 101 km of main trunk roads and 19 km of connecting roads.

Banks providing the loan to the project include Ziraat Bank, Isbank ISCTR.IS, Yapi Kredi YKBNK.IS and Akbank AKBNK.IS.

 ($1 = 0.8589 euros)

 (Reporting by Ebru Tuncay; Editing by Daren Butler)

 ((daren.butler@tr.com; +90-212-350 7053; Reuters Messaging: daren.butler.thomsonreuters.com@reuters.net))