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Investment bankingOctober 4 2009

Infrastructure splurge will not be blown off course

The credit crunch may delay Turkey's extensive plans to upgrade power supplies and road networks, but it has certainly not derailed them. Writer Philip Alexander
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Infrastructure splurge will not be blown off course

The selling points for investment in Turkey have always been clear - a strategic location at the crossroads of Europe, the Middle East and Asia, plus the sizable domestic market provided by a population of more than 70 million. Its EU applicant status brings potential for flows of official funds to help economic convergence.

However, for investors to commit funds to the long-term business of project finance, the greater political and economic stability ushered in by single-party majority government since 2002 has brought a vital change.

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