Approval of Ministry of Development is expected for the TCDD Aliağa - Bergama New Railway Project to be included in the 2015 investment program
New developments regarding the "Aliağa - Bergama New Railway Project" of the General Directorate of Turkish State Railways (TCDD) Enterprise have been recorded.
According to the information received by the Investments Magazine; Approval of the Ministry of Development is expected for the project in question to be included in the 2015 investment program.
At this stage, the officials we interviewed stated that positive opinions were received and the construction tender will be made in 2015 after the approval from the Ministry of Development. As is known, AYGM had sent the project and exploration of Çandarlı Port Connection to TCDD in the past months.
The project, which was previously proposed for the 2014 investment program, has been reported by the Ministry of Development to be accepted after the amendments to be made and not approved by the priority projects. The investment cost of the project, which will be financed from shareholders' equity, is determined as 857.3 million TL.
The project will also include electrification, signaling and telecommunications.
Construction works are expected to start in 2015 and be completed in 2018.
Ref .: Investments Magazine 1200 / 29 September 2014 (APE)