Turkey, April 1 -- The World Bank approved a $2 billion loan for the Istanbul North Rail Crossing Project (INRAIL), a transformative investment that will strengthen railway connectivity across the Istanbul Strait (Bosphorus) and reinforce Turkiye's role as a key logistics hub linking Europe, Asia, and the Middle East. The approval of this loan leads the coordinated effort by six Multilateral Development Banks to provide $6.75 billion in financing for INRAIL. The project will finance the construction of a 127-kilometer, electrified, high-capacity railway line that will provide a new overland rail crossing of the Istanbul Strait. Using the rail-ready Yavuz Sultan Selim Bridge and bypassing the Istanbul metropolitan area, INRAIL will significa...