Rönesans Holding provided a loan of 781 million euros for the high-speed train project.
In the statement of UK Export Finance (UKEF), it was reported that Rönesans Holding used a loan of 781 million euros from JPMorgan, ING Bank and BNP Paribas for the high-speed train line.
According to Bloomberg’s report, Italy and Austrian export credit institutions provided reinsurance for the UKEF guaranteed loan.
The 286 kilometer railway will connect Mersin to Adana, Osmaniye and Gaziantep.