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Railways & Metro

World Bank leads $6.75 billion multilateral financing for Istanbul rail crossing project

The World Bank has approved a $2 billion loan for the Istanbul North Rail Crossing Project, a 127-kilometre electrified railway that will increase freight capacity across the Bosphorus from 3 million to 50 million tons annually. Six multilateral development banks are coordinating $6.75 billion in financing for the $8.3 billion project.

Turkey | 2 weeks ago

Engineering & EPC

Subsea7 expands Black Sea footprint with large EPCI contract for Türkiye's Goktepe gas field

Subsea7 has secured a significant contract extension from TP-OTC to link the Goktepe field to the Sakarya gas development's third phase. The agreement involves Deepwater subsea infrastructure installation in the Black Sea, targeting increased domestic gas production for Türkiye with offshore operations scheduled to commence between 2027 and 2028.

1 month ago • Turkey

Islamic Finance

TPAO secures $1 billion in debut sukuk issuance to anchor $4 billion Islamic finance program

Türkiye’s state-owned energy entity, TPAO, has successfully launched its inaugural $1 billion lease certificate issuance under a new $4 billion trust program. The Shariah-compliant offering was significantly oversubscribed, marking a milestone for Turkish public enterprises seeking diversified international capital to fund long-term energy infrastructure.

1 month ago • Turkey

Latest News

Energy & Power | 2 days ago

EBRD approves USD 65 million for Egypt’s solar-plus-storage infrastructure project

The European Bank for Reconstruction and Development has committed USD 65 million to finance a hybrid 200 MW solar plant and 120 MWh battery storage facility in Aswan, Egypt. This initiative, developed by HAU Energy, marks a critical step in stabilizing the national grid while advancing the country's transition toward a low-carbon energy infrastructure.

Infrastructure | 3 days ago

USACE awards $113.8 million contract to J.F. Brennan for invasive carp deterrents at Brandon road project

The U.S. Army Corps of Engineers has awarded a $113.8 million contract to J.F. Brennan Company for leading-edge invasive carp deterrents as part of the Brandon Road Interbasin Project in Illinois. The award completes Increment I of the ecosystem restoration effort.

Energy & Power | 3 days ago

CoreMarine and Jumbo Offshore win contract for FLNG mooring installation in Argentina

CoreMarine and Jumbo Offshore have secured a contract from Southern Energy S.A. to transport, install, and hook up soft-yoke mooring systems for two FLNG vessels in Golfo San Matías. The project supports Argentina’s gas export expansion, with installations scheduled for 2027 and 2028.

Government & Policy | 3 days ago

NASA awards $76m data science contract to Development Seed for Marshall space flight center

NASA has selected Development Seed for a $76 million indefinite-delivery/indefinite-quantity contract to provide R&D services to the Office of Data Science and Informatics at Marshall Space Flight Center. The contract includes a two-year base period with three one-year options through June 2031.