Türkiye’s leading participation finance institution, Kuveyt Türk, continues to support the country’s strategic infrastructure investments. Kuveyt Türk Finance Group provided financing support amounting to EUR 105 million for the Kınalı-Malkara Motorway Project, which is being implemented by Çanakkale Otoyol ve Köprüsü İnşaat Yatırım ve İşletme A.Ş. and has a total investment value of EUR 1.76 billion.
The Kınalı-Malkara Section, one of the major stages of the Kınalı-Tekirdağ-Çanakkale-Savaştepe Motorway Project, has a total length of 127 kilometers, comprising 107 kilometers of motorway and 20 kilometers of connecting roads. The project will start from the Kınalı Interchange on the İstanbul-Edirne Motorway, proceed north of Tekirdağ, continue in a south-westerly direction, pass north of Şarköy, and, following the completion of construction works in Malkara, connect to the Malkara-Çanakkale Motorway, which is already in operation. This connection also includes the 1915 Çanakkale Bridge.
Upon completion of the project, the travel time between İstanbul and Tekirdağ is targeted to be reduced to less than one hour, while the travel time between İstanbul and Çanakkale is expected to decrease to approximately two hours. In addition, the motorway is expected to make significant contributions to the development of industrial, commercial and logistics activities in the region.
“We are pleased to contribute to the completion of the project”
Commenting on the financing provided, Kuveyt Türk General Manager Ufuk Uyan said: “We regard participating in the financing of strategic projects that contribute to Türkiye’s development journey not merely as part of our banking activities, but also as an investment in the future of our country. The Kınalı-Malkara Motorway is a major project that will strengthen the transportation infrastructure of the Marmara Region, increase its trade and logistics capacity, and accelerate regional development. As Kuveyt Türk, we previously participated in the financing of the 1915 Çanakkale Bridge and the Malkara-Çanakkale Motorway. Today, as Kuveyt Türk Finance Group, we are pleased to contribute to the completion of this strategic transportation corridor through a total financing package of EUR 105 million provided for the Kınalı-Malkara stage. Furthermore, our assumption of the agent role on behalf of our principal shareholder, Kuwait Finance House, within the scope of the financing package is an important indicator of our expertise in project finance and our strong position in international collaborations.”
Strong support for strategic infrastructure investments
Drawing on its experience in project finance, Kuveyt Türk plays an active role in numerous large-scale projects that contribute to Türkiye’s economic development, particularly in the fields of energy, transportation and infrastructure investments. In line with the principles of participation finance, the institution continues to support investments that create long-term value for the national economy and to serve as a solution partner in the financing of strategic projects.