Svensk export bidrar till hållbar transportinfrastruktur

The project contributes to both the sustainable transformation of the transport sector in Turkey and significant Swedish exports. The Swedish exports in the project include deliveries of goods and services from several leading Swedish industrial companies.

SEK is financing approximately EUR 1.6 billion, which corresponds to around 60 percent of the total financing for the project. The borrower is the Turkish Ministry of Finance and SEK’s transaction is 100 percent risk covered by the Swedish Export Credit Agency, EKN. The total maturity of the export credit is adapted to the project’s construction period and has a long repayment period in line with the OECD’s rules for sustainable railway projects.

The project is a prioritized infrastructure initiative within the framework of Team Sweden’s work in Turkey, where the transport sector is a focus industry. The new railway contributes to shorter transport distances, increased capacity and improved conditions for economic and social development in the region.

The transaction has been carried out in close cooperation with the arranging bank MUFG, EKN and Business Sweden. The export credit is green-classified according to the EU taxonomy for environmentally sustainable activities within railway infrastructure and meets SEK’s requirement for sustainability, risk management and long-term value creation. Many different financiers participate in the total financing, such as international banks, other European export credit agencies, development banks, but also pension funds and insurance companies.