BRITISH Steel has announced an order to supply rail for the 286km electrified line under construction between Adana and Gaziantep in Turkey.
While the precise value of the order has not been released, British Steel says the “multi-million pound” contract will see it deliver “tens of thousands of tonnes” of rail from its plant in Scunthorpe.
The first shipments of 60E1 profile rail manufactured to grade R260, weighing 60.2kg/m and supplied in 36m lengths, will leave Britain in the second quarter of this year.
The new line between Adana and Gaziantiep will be used by passenger trains operating at up to 200km/h and is expected to reduce CO2 emissions by over 150,000 tonnes a year.
British Steel says that a £680m loan underwritten by British export credit agency UK Export Finance (UKEF) has been pivotal to the project.
The loan to Rönesans Holding of Turkey that is building the new line has been guaranteed by UKEF on the condition that British companies supply goods and services for the project.
“Our fruitful collaboration with British exporters has secured €781m in financing for the transformative high-speed electrified railway in southern Turkey, adding tremendous value to the cooperation between Turkey and UK exports and services while paving the way for exciting global partnerships,” says Mr Erman Ilıcak, president of Rönesans Holding.
“This is the start of what we expect to be a new unique partnership between British Steel, UKEF and international contractors,” says Mr Craig Harvey, commercial director – rail at British Steel.
“The ability to combine world-leading quality rail with a world-leading finance solution for supply into global markets and networks is an unparalleled supply chain solution.”
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