ICIEC was approached by MUFG Securities EMEA plc to provide a Non-Honouring of Sovereign Financial Obligation (NHSFO) policy for its investment in the Yerkoy Kayseri Highspeed Railway Project, funded through a syndicated financing facility of USD 143.5 million, ensuring a secure financial foundation for this ambitious project.
Through this project, around 3,000 people are expected to be employed. This HSR route will allow for a direct rail connection between Yerköy and Kayseri, which will eventually connect Ankara and Kayseri with a travel time of only 2 hours by HSR. By developing a fast, safe, sustainable, and economical rail route, this project is set to boost economic activity in the Yozgat, Nevşehir, and Kayseri regions. This includes support for winter tourism, trade in and from Kayseri, and enhanced intercity job and growth opportunities through improved commuting services. This also marks a significant step in Türkiye’s green transition goals to decarbonize the Turkish transport sector and meet commitments to reduce greenhouse gas emissions following the COP26 climate conference and Türkiye’s accession to the Paris Agreement.