AIIB – Asian Infrastructure Investment Bank – News

Istanbul North Rail Crossing Project (INRAIL)

Turkey’s Ministry of Transport and Infrastructure has secured a US$2 billion World Bank loan, part of a US$6.75 billion financing package that includes the Asian Infrastructure Investment Bank, ADB, EBRD, Islamic Development Bank and OPEC Fund. The Istanbul North Rail Crossing Project (INRAIL) will deliver 127 km of electrified, double‑track high‑speed railway capable of 160 km/h, using a Design‑Build delivery model. Procurement for four construction lots and several consulting services is slated for March‑April 2026, with a five‑year construction window plus two‑year defects liability. The project also embeds gender‑gap labor measures and extensive supervision to ensure quality and lender compliance.