The transport hub of the future is on the Bosphorus
- Written by Portal Editor
The geo-strategically favourable location between the three large economic blocks Asia, Europe and Russia makes Turkey one of the most important international transport hubs in the world.
Last but not least, the country's geography is decisive for the positive development of the Turkish transport and logistics industry and thus for the entire region. The size of this economic sector has tripled since 2002 to 59 billion US dollars. Current forecasts even assume growth of up to 120 billion US dollars by 2015. More and more foreign investments - from Germany too - are largely responsible for this positive development.
The latest OECD study assumes an annual GDP growth of 7 percent in Turkey in the coming years (2011-2017) - a forecast that the German economy can only dream of at the moment, despite the upward trend. In the area of transport and logistics in particular, the government is relying on continuous improvement of the transport infrastructure. The focus is on shifting goods transport to rail and transforming large ports into logistics centers. Furthermore, in the construction and operation of large transport projects, priority should be given to promoting public-private partnership models.
Turkey offers a good infrastructure
In addition to the sea route, a well-developed road network is also of great importance for logisticians in the international transport business. Accordingly, the Turkish government has placed great emphasis on constant expansion and modernization in recent years, thereby increasing the logistical importance of the road.
Into the future at high speed
Even if the road is the preferred mode of transport in Turkey, rail traffic will catch up massively in the coming years and become more attractive.
Turkey's goal is to supply the sometimes outdated routes and dilapidated train stations with subsidies and, in the long term, to move a large part of international transport to rail. The expansion of the 8,687-kilometer state railway network is planned by 2023.
The budget estimated for this is 23.5 billion US dollars and is to be invested in the expansion and modernization of high-speed lines in particular.
Turkish Airlines - The flagship of Turkish aviation
The airline was also able to increase the number of goods transported to 203,000 tons in this period. With increasing liberalization of the sector, private airlines such as Pegasus, Atlas Jet and Onur Air have also established themselves on the market and were able to achieve average growth rates of 11 percent per year in domestic freight traffic between 2004 and 2008.
Turkey - inexpensive location with access to world markets
In addition, Turkey has the largest and youngest population in Europe with an average age of 28.8 years. The number of highly qualified people is also increasing. Companies in Turkey can fall back on 24.7 million young, well-trained specialists and 450,000 university graduates per year. Whether on land, on water or in the air - the Turkish transport and logistics sector is still on the move and offers enough potential to become one of the most important logistics centers in the world in the future.
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