Raw: [
Türkiye has secured €2.4 billion ($2.8 billion) in green financing to fund the Kars-Iğdır-Aralık-Dilucu Railway Project, a strategic rail link connecting Türkiye to the Nakhchivan region of Azerbaijan, Treasury and…
The post Türkiye Secures $2.8B in Green Financing for Railway Link to Azerbaijan’s Nakhchivan appeared first on ESG News.
]
Türkiye Secures $2.8B in Green Financing for Railway Link to Azerbaijan’s Nakhchivan – ESG News
LOADING
ESG News
Week In Review
ESG Tools & Services
ESG Reporting
Sustainability
Environmental
Technology
Infrastructure
Diversity, Equity & Inclusion
ESG Business
Energy
Energy
Policy
Policy
Government
ESG Investing
Sustainable Finance
ESG Funds
Digital Assets
ESG Lifestyle
Carbon
Carbon Markets
ESG Events
Upcoming Event List
International
ESG India
ESG Middle East
ESG Asia
ESG Japan
ESG Canada
ESG Europe
ESG APAC
ESG United Kingdom
ESG Latin America
ESG Russia
Video
Force For Good
UN Global Compact Leaders Summit 2022
Greenwich Economic Forum
Blockchain for Europe
UNCTAD Sustainable Stock Exchange Initiative
Humanity 2.0
World Economic Forum
Caspian Week
Converge2Xcelerate
International WELL Building Institute
EarthX
Type to search
ESG News
Week In ReviewESG Tools & ServicesESG ReportingSustainabilityEnvironmentalTechnologyInfrastructureDiversity, Equity & InclusionESG Business
ESG News Week In Review: 23 June – 29 June
ESG News
June 29, 2025
ESG News Week in Review: June 9th – June 15th 2025
ESG News
June 16, 2025
ESG News Week in Review: June 1st – 8th 2025
Matt Bird
June 9, 2025
ESG News Week In Review: 25 November – 01 December
ESG News
November 30, 2024
Benchmark Gensuite, GIST Impact Launch Integrated Science-Based Climate Risk Management Platform
ESG News
July 16, 2025
Schneider Electric Launches Scalable Tool for Supply Chain Decarbonization
ESG News
July 16, 2025
Datamaran Launches Suite to Power Always-On ESG Strategy
ESG News
July 16, 2025
Shell, Accenture, and Amex GBT Launch Blockchain Platform to Scale Green Jet Fuel
ESG News
July 11, 2025
KPMG Finds Only 24% of Companies Are ESG Assurance Leaders Amid Growing CSRD Pressure
ESG News
July 21, 2025
Germany to Reinstate Sustainable Finance Beirat, Ministry Confirms
ESG News
July 20, 2025
DP World Partners with Watershed to Scale Emissions Reporting and Align Sustainability with Business Strategy
ESG News
July 18, 2025
EU Ombudsman Challenges Commission Over Sustainability Rollback Process
ESG News
July 16, 2025
UN Global Compact Launches CMO Blueprint for Sustainable Growth at Cannes Lions
ESG News
June 17, 2025
DEI Week in Review: Corporate and Policy Shifts in U.S.
ESG News
March 2, 2025
Qatar Commits $2.5B Green Bond Fund to Renewable Energy, Low-Carbon Real Estate
ESG News
January 28, 2025
Top Five Sustainability Headlines; Barbados, Formula-E, Fisheries, Fashion, Nature Credits
ESG News
December 7, 2024
Prometheus Fuels Reaches TRL 9 with World’s First Off-Grid Carbon-Neutral e-Fuel from Air
ESG News
July 14, 2025
Google Maps Expands Sustainable Travel Features Across Europe
ESG News
June 18, 2025
SAP Secures 37,000 Tons of Carbon Removals Through Climeworks Partnership
ESG News
June 18, 2025
Google’s New $10 Billion AI Data Center Campus Set to Redefine Arkansas
Matt Bird
June 9, 2025
Maersk Ruakura Cold Store First in New Zealand to Earn 6 Star Green Star Rating
ESG News
July 22, 2025
Sumitomo Invests in $76.3M CO₂ Pipeline to Decarbonize 40% of UK Cement and Lime Industry
ESG News
July 10, 2025
Terra CO2 Secures $124.5M to Accelerate Commercial Rollout of Low-Carbon Cement Alternatives
ESG News
July 3, 2025
AIIB and Keppel to Mobilize $1.5B for Sustainable Infrastructure Across Asia-Pacific
ESG News
June 26, 2025
GRI Opens Public Consultation on Revised Labor Standards for Inclusion, Equal Opportunity
ESG News
July 2, 2025
videocam
How DEI and ESG Investing Are Evolving: WSJ and Adasina’s Insights
ESG News
June 19, 2025
Capgemini Updates ESG Policy, Adds Ethics Focus and Sets New Targets for Net Zero
ESG News
May 8, 2025
Goldman Sachs Shareholders Reject Anti-DEI Proposals with Overwhelming 98% Vote
ESG News
April 24, 2025
Energy
Energy
UK Government Confirms Integration of Engineered Carbon Removals into Emissions Trading Scheme by 2029
ESG News
July 22, 2025
Maersk Ruakura Cold Store First in New Zealand to Earn 6 Star Green Star Rating
ESG News
July 22, 2025
Blackstone to Invest $25B+ in Pennsylvania Data and Energy Infrastructure, Targeting AI Growth
ESG News
July 22, 2025
GM and Redwood Materials Team Up to Scale U.S.-Made Battery Storage Solutions
Taryn Gross
July 18, 2025
Policy
PolicyGovernment
EU Ombudsman Challenges Commission Over Sustainability Rollback Process
ESG News
July 16, 2025
EU Parliament Rejects Deforestation Country Risk List, Escalating Pressure on EUDR Rollout
ESG News
July 10, 2025
ESMA Sets Emissions Reduction Targets for 2027 and 2030 in First Climate Transition Plan
ESG News
July 8, 2025
ESMA Flags Gaps in Sustainability Disclosures, Calls for Tighter Oversight in Investment Sector
ESG News
June 30, 2025
ESG Investing
Sustainable FinanceESG FundsDigital Assets
Türkiye Secures $2.8B in Green Financing for Railway Link to Azerbaijan’s Nakhchivan
ESG News
July 22, 2025
GeologicAI Secures $44M Series B to Scale AI-Driven Mineral Discovery with Backing from BHP and Rio Tinto
ESG News
July 22, 2025
SBTi Launches Net-Zero Standard for Financial Institutions to Align Global Portfolios with 2050 Climate Goals
ESG News
July 22, 2025
Blackstone to Invest $25B+ in Pennsylvania Data and Energy Infrastructure, Targeting AI Growth
ESG News
July 22, 2025
Aligned Climate Capital Closes $85M Fund to Scale Clean Energy Deployment
ESG News
March 12, 2025
NextPower UK ESG Fund Surpasses Target, Closes at $945 Million for UK Solar Expansion
ESG News
March 12, 2025
Spiritus Secures $32M Series A to Launch Large-Scale Carbon Removal
ESG News
March 10, 2025
Climate Fund Managers and Infinitum Partner on 30MW Waste-to-Energy Project in Sierra Leone
ESG News
March 4, 2025
AWS, Google, Meta, Microsoft, and Others Call for Supplier Action to Decarbonize Digital Infrastructure through EPDs
ESG News
July 22, 2024
EdgeConneX Secures $1.9 Billion in Sustainability-linked Financing for EMEA Digital Infrastructure Expansion
ESG News
April 16, 2024
Hong Kong SAR Launches $767 Million Digital Green Bonds
ESG News
February 9, 2024
Geidea Forms Partnership with Fils to Embed Climate Positivity into Transactions
ESG News
February 5, 2024
ESG LifestyleCarbon
Carbon Markets
Howden, Gold Standard Partner to Assess Insurance Policies for Aviation Carbon Credit Scheme
ESG News
July 21, 2025
Palo Alto Networks Commits to 10,000-Ton Carbon Removal Credit Deal with 1PointFive
ESG News
July 18, 2025
CarbonBlue Launches First CO₂ Removal System in Desalination Plant
ESG News
July 17, 2025
Microsoft Signs 4.9M Tonne Carbon Removal Deal with Vaulted Deep to Scale Biosolids-Based Climate Solutions
ESG News
July 17, 2025
ESG Events
Upcoming Event ListInternational
ESG India ESG Middle East ESG Asia ESG Japan ESG Canada ESG Europe ESG APAC ESG United Kingdom ESG Latin America ESG RussiaVideo
Force For Good UN Global Compact Leaders Summit 2022 Greenwich Economic Forum Blockchain for Europe UNCTAD Sustainable Stock Exchange Initiative Humanity 2.0 World Economic Forum Caspian Week Converge2Xcelerate International WELL Building Institute EarthX
Need to Know ESG News
Professional Daily Newsletter
Subscribe
videocam
Latest News
Seven simple questions
Help us improve your experience, delivering more of what you want
ESG Survey
Seven simple questions – Help us improve your experience, delivering more of what you want!
Türkiye Secures $2.8B in Green Financing for Railway Link to Azerbaijan’s Nakhchivan
ESG Asia
/
News
/
Sustainable Finance
/
Türkiye Secures $2.8B in Green Financing for Railway Link to Azerbaijan’s Nakhchivan
by ESG News
•
July 22, 2025
Share:
Share on Facebook
Share on Twitter
Share on LinkedIn
Listen to this story:
Türkiye obtains €2.4B ($2.8B) in green financing for strategic Kars-Iğdır-Aralık-Dilucu railway project to link with Nakhchivan, Azerbaijan.
The deal, led by MUFG Bank with backing from Sweden’s EKN, Austria’s OeKB, and the Islamic Development Bank’s ICIEC, marks a major international collaboration.
The railway is a key part of Türkiye’s regional development strategy and aligns with its Medium-Term Program for infrastructure investment.
Türkiye has secured €2.4 billion ($2.8 billion) in green financing to fund the Kars-Iğdır-Aralık-Dilucu Railway Project, a strategic rail link connecting Türkiye to the Nakhchivan region of Azerbaijan, Treasury and Finance Minister Mehmet Şimşek announced Tuesday. The project aims to enhance regional connectivity, facilitate trade, and bolster sustainable transportation infrastructure in alignment with Türkiye’s Medium-Term Program for economic development.
The funding was arranged through a consortium of international lenders led by Japan’s MUFG Bank and was classified as green financing due to its alignment with environmental and sustainability goals. Export credit agencies from Sweden (EKN) and Austria (OeKB), along with the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), operating under the Islamic Development Bank, are providing guarantees. Several global banks and institutional investors are also participating in the financing package.
The railway will be implemented by the General Directorate of Infrastructure Investments under Türkiye’s Ministry of Transport and Infrastructure. It is expected to create a direct corridor between Türkiye and Nakhchivan, improving cross-border trade logistics and providing regional production centers with improved access to international markets.
RELATED ARTICLE: World Bank Approves $450 Million for Greener Industrial Sector in Türkiye
Minister Şimşek emphasized that the deal reflects international confidence in Türkiye’s economic roadmap. “We continue to support infrastructure investments that enhance our country’s competitiveness and productivity, while maintaining close cooperation with international institutions,” he said.
Minister Şimşek
Including this project, Türkiye’s total external project-based financing for 2025 has reached approximately $6 billion, underlining sustained international engagement with the country’s infrastructure ambitions.
Follow ESG News on LinkedIn
Share:
Share on Facebook
Share on Twitter
Share on LinkedIn
Topics
Azerbaijan’s Nakhchivan
ESG
Green Financing
Minister Şimşek
Türkiye
Related Articles
Enbridge Commits $900M to 600 MW Texas Solar Project to Power Meta Data Centers
ESG News •
July 22, 2025
UK Government Confirms Integration of Engineered Carbon Removals into Emissions Trading Scheme by 2029
ESG News •
July 22, 2025
GeologicAI Secures $44M Series B to Scale AI-Driven Mineral Discovery with Backing from BHP and Rio Tinto
ESG News •
July 22, 2025
Maersk Ruakura Cold Store First in New Zealand to Earn 6 Star Green Star Rating
ESG News •
July 22, 2025
Latest News
Türkiye Secures $2.8B in Green Financing for Railway Link to Azerbaijan’s Nakhchivan July 22, 2025
Enbridge Commits $900M to 600 MW Texas Solar Project to Power Meta Data Centers July 22, 2025
SBTi Launches Net-Zero Standard for Financial Institutions to Align Global Portfolios with 2050 Climate Goals July 22, 2025
Blackstone to Invest $25B+ in Pennsylvania Data and Energy Infrastructure, Targeting AI Growth July 22, 2025
EcoVadis: 87% of U.S. Companies Boost Sustainability Budgets as ESG Debate Intensifies July 21, 2025
KPMG: $164B Invested in Circular Economy, Unlocking Opportunity for Smarter Capital July 21, 2025
KPMG Finds Only 24% of Companies Are ESG Assurance Leaders Amid Growing CSRD Pressure July 21, 2025
Upcoming Events
Aug
2
1:00 pm – 5:00 pm EDT
TRIIBE Changemaker Summit
Sep
23
September 23 – September 25
Climate Week NYC 2025
Sep
23
September 23 – September 25
The Nest Climate Campus @ Climate Week NYC
Nov
10
November 10 – November 21
COP30
Jan
19
January 19, 2026 – January 23, 2026
World Economic Forum 2026
View Calendar
ESG News Daily Newsletter
First Name
Last Name
Email address:
Leave this field empty if you’re human:
Official logo of ESG News (C) 2025
About ESG News About Us
Become a Contributor
Newsletter
Contact Us
Services Advertise With Us
Promote An Event
Sponsorships
News Agency
Terms & Privacy Terms & Conditions
Privacy Policy
Cookies
Copyright
Follow Us
YouTube
©2025 ESG News Corp. All rights reserved.