In infrastructure investments Turkey ranks second after Brazil
Turkey ranked second after Brazil in making the highest commitments for total infrastructure investments among 139 emerging countries in 2014, according to data from the World Bank.
Turkey ranked second after Brazil in making the highest commitments for total infrastructure investments among 139 emerging countries in 2014, according to data from the World Bank. Peru, Colombia and India followed in third, fourth and fifth, respectively.
Total infrastructure investments in 139 emerging economies for projects with private participation in the energy, transport and water sectors rose to $107.5 billion in 2014, driven largely by increasing activity in Brazil, said the World Bank in a written statement on its update of the “Private Participation in Infrastructure” (PPI) database on June 9.
“Our update data reveals that the top five countries with the highest investment commitments in 2014 are Brazil, Turkey, Peru, Colombia and India,” said Clive Harris, Practice Manager, Public-Private Partnerships, World Bank Group.
“These five countries together attracted $78 billion, representing 73 percent of the investment commitments in the developing world in 2014,” he added.
With 17 new projects, Turkey was able to secure the second highest investment volume, according to the report.
“Significant government reform in 2008 continued to influence energy investment in Turkey, as three large-scale privatizations took place: The $4.3 billion Kemerköy and Yeniköy Thermal Power Plants; the $1.1 billion Yatağan Thermal Power Plant; and the $350 million Çatalağzı Thermal Power Plant. In addition, a pair of transport projects, the $1.1 billion Salıpazarı Cruise Port and the $2.9 billion Third Bosporus Bridge and Northern Marmara Highway Project further boosted Turkish investment,” added the report.
Source:Hürriyet Daily News
Nurullah Kırmacı / [email protected]