Sunday, June 16, 2024

Turkey awards rail supply contract to British Steel

British Steel has won a multi-million-pound contract to supply rail made in Scunthorpe for a new high-speed electric railway in Turkey.

Tens of thousands of tonnes of track in 36-metre lengths will start to leave North Lincolnshire later this year for the project connecting Mersin with the cities of Adana, Osmaniye and Gaziantep in southern Turkey.

It will help create a lower-emission transport link between Turkey’s second-largest container port and inland cities more than 150 miles away, with the project expected to reduce CO2 emissions by more than 150,000 tonnes a year.

British Steel President and CEO Xijun Cao said: “Not only will electrification greatly enhance the transport infrastructure in southern Turkey, it will also deliver significant environmental benefits.

“We pride ourselves on providing solutions to the challenges our customers face and look forward to supplying this project with the world-leading rail synonymous with the British Steel name.” 

Pivotal to the project is the backing of UK Export Finance (UKEF), the UK government’s export credit agency, which has underwritten €781-million of financing (£680-million) to support construction of the 286km railway.

British Steel Commercial Director – Rail, Craig Harvey, said: “This is the start of what we expect to be a new unique partnership between British Steel, UKEF and international contractors. The ability to combine world-leading quality rail with a world-leading finance solution for supply into global markets and networks is an unparalleled supply chain solution. Looking forward, we are very excited about what this will achieve.”

With financing provided through UKEF’s Buyer Credit Facility, Rönesans Holding will finish construction of the Mersin-Adana-Gaziantep High Speed Railway on behalf of the Turkish Ministry of Transport with British Steel one of the key suppliers.

Erman Ilıcak, President of Rönesans Holding, said: “By upgrading the existing railway line to a high standard railway line, we will be actively reducing negative environmental impact while offering a lower-carbon travel alternative and significantly enhancing the region’s industrial connectivity and trade. Rönesans Holding takes immense pride in contributing to Turkey’s national environmental goals and infrastructure advancement.
 
“Our fruitful collaboration with British exporters has secured €781-million in financing for the transformative high-speed electrified railway in southern Turkey, adding tremendous value to the cooperation between Turkey and UK exports and services while paving the way for exciting global partnerships.”

 

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 pandemichaving a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £31.50 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.








Latest news

Related news