Rönesans Holding Secures Funding for Major Turkish Infrastructure Project

Türkiye's Northern Marmara Motorway Project Receives Critical Financial Backing

Istanbul, Türkiye - 2023-03-08

Rönesans Holding, a leading Turkish construction and engineering conglomerate, has successfully secured funding for the highly anticipated Northern Marmara Motorway Project, a critical infrastructure undertaking that will transform transportation and economic connectivity in Türkiye.

The project, which entails the construction of a 426-kilometer-long motorway connecting the metropolitan hubs of Istanbul, Tekirdağ, and Edirne, has received significant financial backing from a consortium of leading Turkish and international banks, including Türkiye İş Bankası, Akbank, Garanti BBVA, and the European Bank for Reconstruction and Development (EBRD).

The financial closure for the Northern Marmara Motorway Project marks a significant milestone in the realization of this vital infrastructure project, which is expected to drive economic growth, improve logistics efficiency, and enhance regional connectivity for Türkiye.

Upon completion, the motorway will significantly reduce travel times between Istanbul and other major cities in the Marmara region, facilitating trade, tourism, and business activities throughout the country.

The project is also expected to create thousands of jobs during the construction phase and contribute to the long-term employment opportunities in the region.

Rönesans Holding, known for its expertise in large-scale infrastructure projects, will undertake the construction of the motorway, which is scheduled to be completed within the next five years.

The Northern Marmara Motorway Project is a testament to Türkiye's commitment to developing world-class infrastructure that supports economic growth and improves the quality of life for its citizens.