The Asian Infrastructure Investment Bank has issued a loan worth 300 million euros for the implementation of a railway project in Turkey, TurkicWorld reports with reference to the bank on Dec. 14.

“The loan will be used to build the Ispartakule-Cerkezkoy double-track high-speed railway line, which is part of the Europe-Caucasus-Asia (TRACECA) transport corridor,” the message said.

According to the message, the loan is aimed at strengthening the economic, trade and transport ties among the countries of the Black Sea region, the South Caucasus and Central Asia, increasing the safety of the route, capacity and speed of railway transport.

“It is planned to build a new double-track high-speed railway line between Ispartakule and Cerkezkoy stations within the project,” the message said. “The implementation of these initiatives by reducing the use of standard fuel will help to reduce harmful emissions.”