Turkey's transport infrastructure requires an investment of over $116.42 billion by 2035, according to a report.
Turkey Plans Major Infrastructure Investments to Boost Economic Growth and Sustainability
Turkey is set to invest over €100 billion ($116.42 billion) in transport-related infrastructure by 2035, with a focus on roads, ports, and rail systems, according to government projections. This ambitious plan aims to accommodate demographic growth, industrial development, and climate goals.
The country's economic policy shift towards normalization is expected to attract new infrastructure investments. Turkey aims to attract over $40 billion in external financing over the next three years through cooperation with the World Bank, the Islamic Development Bank, the Asian Infrastructure Investment Bank (AIIB), and other global lenders.
In the energy sector, Turkey aims to achieve 120 GW of installed wind and solar capacity by 2035, supported by a major transmission infrastructure modernization project financed by the World Bank and Clean Technology Fund. This includes a €625 million (~$708 million) loan for building new high-voltage substations, upgrading transmission lines, expanding underground cables, establishing Turkey’s first High-Voltage Direct Current (HVDC) corridors, and digitalizing the power grid to integrate renewable energy and improve grid reliability.
The investment details for telecommunications and sanitation sectors by 2035 are not explicitly available in the provided data. However, the emphasis on digitalizing the energy grid and improving transportation infrastructure suggests broader plans to modernize infrastructure systems aligned with sustainability and digitalization trends.
Turkey has already secured a total of $17.4 billion across 2023 and 2024. Despite this, private sector investment remains subdued in Turkey. The government is attracting and planning to secure funding through collaboration with international financial institutions and mobilizing private and public investments.
Rapidly growing urban centers such as Istanbul, Ankara, and Izmir face rising pressure on transport systems and will require new investments to sustain urban mobility and economic competitiveness. The Allianz Trade report, titled "3.5% to 2035: Bridging the Global Infrastructure Gap," warns that infrastructure shortcomings may undermine efforts towards digital inclusion and climate targets.
Turkey's strategic location between Europe and Asia positions it as a central player in regional energy transformation. The country is a key partner in regional infrastructure initiatives such as the Middle Corridor, a transcontinental trade route connecting China to Europe via Central Asia and the South Caucasus, and the Development Road Project, in which Turkey plans to invest $23.9 billion to help establish a new highway and railway network.
The government expects GDP to grow by 2.5% in 2025 and 3% in 2026, supported by stronger public finances and recovering domestic demand. Turkey has allocated a ₺482 billion ($11.85 billion) budget for 2025.
[1] Source: Allianz Trade Report [3] Source: World Bank [5] Source: Clean Technology Fund
- The Turkish government projects a massive €100 billion investment in transport-related infrastructure by 2035, focusing on roads, ports, and rail systems in cities like Istanbul and Ankara, aimed at accommodating demographic growth and industrial development.
- Turkey's economic growth plan includes attracting over $40 billion in external financing from international institutions like the World Bank, AIIB, and Islamic Development Bank for infrastructure development in the coming years.
- In the energy sector, Turkey plans to reach 120 GW of installed wind and solar capacity by 2035, supported by a major transmission infrastructure modernization project financed by the World Bank and Clean Technology Fund, including the construction of new high-voltage substations and HVDC corridors.
- With $17.4 billion already secured and more planned, the government is trying to encourage private sector investment through partnerships with international financial institutions to modernize infrastructure systems in Turkiye.
- Regional energy transformation initiatives such as the Middle Corridor and Development Road Project present opportunities for Turkey, as a strategically located country between Europe and Asia, to become a key player in transcontinental trade and infrastructure development.
