World Bank backs Turkish electricity project 'to help improve economy'
The World Bank has given its backing to a scheme to improve Turkey's electrical distribution infrastructure - something that is expected to yield major benefits for the economy and improve the quality of the country's electrical supply.
Turkey will receive a €205 million (£139 million) loan from the bank that will go towards improving reliability and safety regulation compliance.
Additionally, some parts of the country suffer capacity problems and have power supply interruption problems - difficulties that the initiative intends to solve.
Ulrich Zachau, country director for Turkey at the World Bank, remarked: "A reliable and efficient electricity distribution system is important for ensuring energy security and sustained economic growth in Turkey - especially as electricity demand continue to rise."
He concluded by saying that the bank is "pleased" to be supporting an "important" part of Turkey's reform programme.
Various aspects of Turkish culture and infrastructure - including the legal system, the financial industry and transport networks - are undergoing reform with the aim of encouraging standards fit for European Union accession.
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