€115 million for Turkey Tunnel

Helen Wright

12 December 2012

The European Bank for Reconstruction & Development (EBRD) has approved a US$150 million (€115 million) loan to support construction of a tunnel in Turkey that will link Europe and Asia.

The 5.4km Eurasia Tunnel will be built 25m under the Bosphorus strait, which divides the Turkish city of Istanbul between…

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