KfW IPEX-Bank provides financing for Hassa-Dortyol Tunnel in Turkiye
Turkey, Aug. 12 -- KfW IPEX-Bank contributes EUR 200 million to the financing of the construction of the Hassa-Dortyol Railway and Highway Tunnel in Turkiye. The contribution includes a tranche covered by the Swedish Export Credit Agency EKN well as a commercial tranche supported by credit insurance from the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC). KfW IPEX-Bank acts as Mandated Lead Arranger alongside seven international banks, with Societe Generale acting as Coordinator for the EUR 1,548 million financing. The 25 km railway and highway tunnel will connect the towns Dortyol and Hassa in Hatay province. It is of high strategic importance as it allows for a direct connection between the industrial centre...
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