Türkiye, AIIB Set Priorities for Multi-Year Investment Program
(MENAFN) Turkish Treasury and Finance Minister Mehmet Simsek met with Asian Infrastructure Investment Bank (AIIB) President Zou Jiayi to agree on details of a new investment framework covering the 2027-2029 period.
The discussions took place on the sidelines of the 31st UN Climate Change Conference (COP31), which Türkiye is hosting in Antalya.
Both officials reviewed the bank's upcoming investment pipeline, seeking to align its financing plans with Türkiye's economic and structural reform objectives.
Simsek said the next phase of cooperation would prioritize railway development and connectivity, green transformation, renewable energy, electrification and digital infrastructure. The agenda also includes expanding 5G networks, fiber-optic systems and data centers, alongside climate-resilient agriculture, health technologies and high-value-added manufacturing.
Zou said these areas also feature prominently in the AIIB's investment strategy, particularly railway projects along the Middle Corridor and other regional routes intended to improve transport links between Asia and Europe.
She also highlighted renewable energy, agricultural irrigation and digital infrastructure as key areas for the bank, while commending Türkiye's economic program for supporting the expansion of its domestic project portfolio.
Headquartered in Beijing, the AIIB has a capital base of $100 billion and 111 member countries. By September this year, it had approved $78.1 billion in financing for 396 projects.
Türkiye ranks as the bank's 10th-largest shareholder among its 57 founding members, holding a 2.5% voting stake and a commitment of $2.6 billion.
The AIIB has approved $9.4 billion in financing for 45 projects in Türkiye, making the country its second-largest recipient of approved funding after India.
Türkiye currently has an active project portfolio worth $6.2 billion, representing 15.3% of the bank's worldwide portfolio and placing it second globally.
The upcoming investment program will cover projects backed by state guarantees as well as privately funded initiatives without government guarantees. Major infrastructure proposals include the $1.5 billion Istanbul Northern Railway Crossing (INRAIL), the $415 million TCDD railway modernization project, the $156.1 million Antalya-Alanya Highway, a $500 million water project focused on climate resilience and the $800 million Istanbul Seismic Risk Reduction initiative.
The discussions took place on the sidelines of the 31st UN Climate Change Conference (COP31), which Türkiye is hosting in Antalya.
Both officials reviewed the bank's upcoming investment pipeline, seeking to align its financing plans with Türkiye's economic and structural reform objectives.
Simsek said the next phase of cooperation would prioritize railway development and connectivity, green transformation, renewable energy, electrification and digital infrastructure. The agenda also includes expanding 5G networks, fiber-optic systems and data centers, alongside climate-resilient agriculture, health technologies and high-value-added manufacturing.
Zou said these areas also feature prominently in the AIIB's investment strategy, particularly railway projects along the Middle Corridor and other regional routes intended to improve transport links between Asia and Europe.
She also highlighted renewable energy, agricultural irrigation and digital infrastructure as key areas for the bank, while commending Türkiye's economic program for supporting the expansion of its domestic project portfolio.
Headquartered in Beijing, the AIIB has a capital base of $100 billion and 111 member countries. By September this year, it had approved $78.1 billion in financing for 396 projects.
Türkiye ranks as the bank's 10th-largest shareholder among its 57 founding members, holding a 2.5% voting stake and a commitment of $2.6 billion.
The AIIB has approved $9.4 billion in financing for 45 projects in Türkiye, making the country its second-largest recipient of approved funding after India.
Türkiye currently has an active project portfolio worth $6.2 billion, representing 15.3% of the bank's worldwide portfolio and placing it second globally.
The upcoming investment program will cover projects backed by state guarantees as well as privately funded initiatives without government guarantees. Major infrastructure proposals include the $1.5 billion Istanbul Northern Railway Crossing (INRAIL), the $415 million TCDD railway modernization project, the $156.1 million Antalya-Alanya Highway, a $500 million water project focused on climate resilience and the $800 million Istanbul Seismic Risk Reduction initiative.
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