Credit Suisse and Standard Chartered are acting as joint MLAs, coordinators and bookrunners in the financing to the Republic of Turkey acting through the Ministry of Treasury and Finance for the construction of the 600km-long high-speed railway infrastructure connecting the cities of Ankara and Izmir.The project, with a total value of EUR 2.2 billion, was awarded to ERG Group in October 2020 and will help to alleviate traffic congestion and reduce CO2 emissions, therefore allowing the transaction to be classified as Green Loan under LMA’s Green Loan Principles.The project is fully financed with a combination of a UKEF-covered loan and a tied commercial facility.