Turkish President Recep Tayyip Erdogan has said that Turkey aims to become a logistics superpower as part of the country's 2053 vision.
The Europe-Asia-Africa trade triangle, in which Turkey is located, offers great opportunities for the country especially in the field of transportation, he said at a press conference after a cabinet meeting on Tuesday, Xinhua news agency reported.
Turkey has already made significant investments worth $172 billion in five main transportation sectors since 2003, he added.
The railway investments have come to the fore. The railway network has been expanded from 10,959 km to 13,022 km, which will be lengthened to 28,590 km by 2053, he noted.
The share of railways in passenger transportation is planned to increase from 1 per cent to 6.2 per cent, which is above the European average, the Turkish president said, adding his government aims to make 22 per cent of freight shipment by railway in 2053.
Turkey will also improve the road service level with new investments, expanding the divided road network from 28,650 km to 38,000 km, and the highway network from 3,633 km to 8,325 km by 2053, he added.
Nearly 255 million tons of cargo will be transported through Turkish ports next year, and this figure will be approximately 421 million tons in 2053, he said.
For this purpose, the number of port facilities will increase from 217 currently to 255 in 2053, Erdogan added.
The Canal Istanbul project is of critical importance in terms of reducing the ship traffic in the Bosphorus, the president noted.
The number of airports will increase from 56 to 61 in the coming years, Erdogan explained.
--IANS
int/sks/shb/
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
)