EBRD Pledges €1.5 Billion to Aid Recovery in Turkey’s Earthquake-Hit Regions
The European Bank for Reconstruction and Development (EBRD) has announced a substantial €1.5 billion investment package to support the recovery and reconstruction of areas devastated by recent earthquakes in Turkey.
As part of this package, the EBRD will provide €195 million (approximately $219 million) to two critical infrastructure projects:
-
€95 million ($106 million) for facility improvements in Adiyaman
-
€100 million ($112 million) for network upgrades in Hatay
These investments are part of a broader $1.7 billion funding initiative aimed at rebuilding essential infrastructure, improving resilience, and accelerating economic recovery in the affected regions.
The EBRD’s commitment underscores the international community’s support for Turkey’s efforts to restore normalcy and enhance disaster preparedness in vulnerable areas.
Hi, this is a comment.
To get started with moderating, editing, and deleting comments, please visit the Comments screen in the dashboard.