4 July 2011: The European Investment Bank (EIB) has announced increased support for smart growth in Turkey with a EUR 445 million financing package for climate change and entrepreneurship, in support of the country’s rail infrastructure, forest resources management, and small and medium enterprises (SMEs).

The package includes a EUR 150 million project in support of forest management, fire fighting and afforestation efforts, while a EUR 145 million project is to support improving the country’s rail network as the country’s environment friendliest means of transport. [EU Press Release]