RIA welcomes £1.7bn UK-Turkey rail deal
The Railway Industry Association (RIA), the voice of the UK rail supply community, has welcomed the announcement of a £1.7 billion deal for the construction of a 503km high speed electric railway in Turkey, with funding guaranteed by UK Export Finance.
RIA supported the deal by working closely with ERG International UK – the engineering, construction and project management contractor for major infrastructure assets – over a period of time, providing overviews of both the railway industry and RIA member capability, and connecting them with supplier companies, whom they had identified as meeting their initial requirements.
Neil Walker, Exports Director at the Railway Industry Association (RIA), commented: “This is clearly a significant boost for both the UK railway industry, showing it has world-leading products and expertise which can export across the globe, and for the wider Global Britain agenda.”
“RIA is proud to have played a part, helping ERG to source UK rail suppliers who will be vital to building this ground-breaking, sustainable, transport project. We should also acknowledge and thank colleagues in the Department for International Trade and at UK Export Finance, for their ongoing support for rail exporters, and we look forward to continuing to work with them, to promote UK rail businesses to partners overseas.”