Noting that TUVASAS would continue its operations under the name of Turkey Rail System Utilities Industry Company (TURASAS), he said the ministry would prioritize railway projects in the coming period.
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"We'll work to make Turkey an important railway production hub."
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The country has spent 880 billion liras ($338.46 billion) in transportation and communication infrastructure during the last 18 years and 162 billion liras ($62.3 billion) of this amount was in railway systems, he underlined.