UK Export Finance, which supports overseas projects, said nine-figure contracts will be awarded to UK rail suppliers as a condition of UK support.
It is the UK’s biggest ever sustainable, civil infrastructure deal and it will help Turkey finance major climate-friendly projects and meet its COP26 commitments.
It is the first UK-supported rail transaction in Turkey for over 160 years, and forms part of Turkey’s plan to transform high-speed rail in the country.
The new 503km electric-powered railway line will connect Ankara, Turkey’s capital, to the port-side city of Izmir. When complete, the new line will provide a faster, lower-carbon alternative to current air and road routes between the two cities.
UK companies are expected to supply British-made railway lines, point machines, fasteners, material and equipment for signalling, telecommunication and electrification systems, as well as insurance and freight services.
International trade secretary Anne-Marie...