Türkiye is set to become a game-changer in the transportation industry as it invests in expanding its railway network over the next 30 years. This expansion will provide importers in Europe and Asia with more opportunities for quicker and cheaper freight transport.
The country's transportation minister, Adil Karaismailoğlu, has announced that the investment will increase the total railway network from 13,000 to 29,000 kilometers, with the aim of transporting 448 million tons of freight by railways in the next 30 years. This is a significant increase from the current 38 million tons of freight being transported annually by railways.
Furthermore, railways in Türkiye accounted for only 3 percent of all freight shipments in 2019, but with this expansion, their share is projected to increase to over 11 percent and further up to 22 percent by 2053, according to the minister.
This move by Türkiye is not just beneficial for importers, but it is also a strategic move to boost the country's economy. The government plans to invest a whopping $197.9 billion in transportation, which is expected to create employment for over 27 million people and contribute $1 trillion to national income and $2 trillion to production. That's a lot of zeros!
The expansion of the railway network is part of the 2053 Transport and Logistics Master Plan, which aims to connect more provinces to the high-speed train network. The number of provinces connected to the high-speed train network will increase from eight to 52, providing faster and more efficient passenger transport. The target is to increase the number of passengers carried on railways from 19.5 million to 270 million in the next 30 years.
This ambitious plan is not just limited to the railway network; the government also plans to invest heavily in sea transport, air transport, and communications. They are currently building new cell towers in 1,000 villages, and the ministry also invests heavily in fiber infrastructures in city centers. The aim is to exceed 1 million kilometers in fiber infrastructures.
In conclusion, the expansion of Türkiye's railway network provides a fantastic opportunity for importers to transport their goods more efficiently and affordably. The government's investment in transportation will undoubtedly boost the country's economy, create employment, and enhance the country's overall infrastructure.
So, what are you waiting for? Contact us to know how to take advantage of this game-changing expansion.