781 million euro loan to Rönesans Holding

Rönesans Holding secured a 781 million euro loan for the high-speed train project. The UK Export Finance (UKEF) statement reported that Rönesans Holding received a 781 million euro loan from JPMorgan, ING Bank and BNP Paribas for the high-speed train line. According to Bloomberg, the UKEF-guaranteed loan was reinsured by Italian and Austrian export credit institutions. The 286-kilometer railway will connect Mersin to Adana, Osmaniye and Gaziantep.