Ministry of Treasury and Finance of Turkey

Kars-Igdır-Aralık-Dilucu (KIAD) Railway (Nakhchivan) Project - Financing

Industry
Social infrastructure/Rail
Area of finance
Project & Infrastructure Finance
Region
Europe
Europe
Countries
Turkey

Project Overview

Financing for the development of the Kars – Igdir – Aralik – Dilucu high standard railway line which would extend its network to the border of Azerbaijan’s Naxcıvan exclave. The project, which includes six stations, five tunnels and ten bridges, is part of Turkey's...

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Deal Volume
$3.04bn
Financial Close
29/07/2025
Dealmakers
Gonzalo Garcia Uguina

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Gorka Torras

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Giovanni Suryawan

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Ken Kijima

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