OPEC Fund approves $250M loan for Istanbul rail crossing, boosting Bosphorus freight capacity

The OPEC Fund has approved a record $250 million loan for the Istanbul North Rail Crossing project, which aims to increase annual Bosphorus rail freight capacity from 3 million to 50 million tons. This investment strengthens a key global trade corridor, potentially easing bottlenecks and enhancing regional connectivity. The project's scale and funding mark a significant infrastructure commitment, though implementation timelines and broader economic impacts remain to be seen.

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