π Tender Overview
RELEASE DATE: 18 September 2026
STATUS: Under appraisal | 03/08/2026
REFERENCE: 20260445
PROJECT NAME: ISTANBUL NORTH RAIL CROSSING PROJECT (INRAIL)
PROMOTER - FINANCIAL INTERMEDIARY: REPUBLIC OF TURKEY MINISTRY OF TRANSPORT
PROPOSED EIB FINANCE (APPROXIMATE AMOUNT):USD 250 million (EUR 218 million)
TOTAL COST (APPROXIMATE AMOUNT): USD 8300 million (EUR 7229 million
LOCATION:TΓΌrkiye
SECTOR(S): Transport - Transportation and storage
DESCRIPTION: The project consists of the construction of a 127 km greenfield railway line, which is a railway bypass of the Istanbul metropolitan area across the Istanbul Strait (Bosphorus). The project includes a double-tracked, electrified and mixed-used (passengers and freight) railway line equipped with European Railway Traffic Management System (ERTMS) Level 1.
OBJECTIVES
The project supports the development of a high-capacity, electrified railway connection across the Bosphorus Strait, contributing to sustainable transport, enhanced regional connectivity, climate action and the resilience of the Trans-Caspian Transport Corridor.