Approximately 1 trillion 7 billion liras were allocated to 12 thousand 41 projects included in the 2024 Investment Program signed by President Recep Tayyip Erdoğan.
The Presidential Decision on the Acceptance and Implementation of the 2024 Investment Program was published in the duplicate issue of the Official Gazette.
According to the information received from the Presidency’s Strategy and Budget Presidency, the program included investment projects of organizations within the scope of the central government budget, SOEs, those within the scope of privatization, revolving fund organizations and social security institutions. Only projects of local administrations financed by foreign loans were included in the program.
The 2024 Investment Program was prepared by taking into account the basic policies in the 12th Development Plan and the policies, priorities and budget sizes in the 2024-2026 Period Medium Term Program.
By being extremely selective in determining the projects in the Investment Program, priority was given to the projects envisaged in the 12th Development Plan, projects that had to be started due to earthquake risk, and projects that had a strong social and economic impact and needed to be brought into the economy immediately.
Approximately 1 trillion 7 billion lira will be allocated to the projects in the program.
In 2024, approximately 1 trillion 7 billion liras were allocated to 12 thousand 41 projects, 3 thousand 799 of which were main projects, in the Investment Program.
The total amount of projects to be carried out by public institutions in the 2024 Investment Program is 7.3 trillion lira. While 4 thousand 704 projects were completed in 2023, 4 thousand 108 new projects were included in the 2024 Investment Program. 980 of these projects were multi-year, and 3,128 were projects to be completed within one year.
It was planned that 71.5 percent of the projected investment within the scope of the program would be realized by institutions within the scope of the Central Government Budget, 36 percent by SOEs and institutions within the scope of privatization, and 1.8 percent by revolving fund organizations and social security institutions.
A total of 510 billion lira projects were included in the program for earthquake precautions. Approximately 28 percent of the 2024 appropriations within the scope of these projects were allocated to the education sector, 23 percent to the health sector, and 13 percent to the transportation-communication sector. In addition, when the investment expenditures carried out under current transfers in the budget and other current expenditures are taken into account, in addition to the appropriations allocated for earthquake projects, the total amount of funds allocated from the central government budget for earthquake measures reaches 1,028 billion lira.
The highest share of investment goes to transportation and communication and education.
It was observed that the transportation-communication sector investments received the highest share of the investment allowance within the scope of the 2024 Investment Program, with 31.7 percent. This year, 319 billion lira was allocated for transportation sector investments, an increase of 162 percent. Especially for the purpose of developing railway freight and passenger transportation, 27.5 billion lira for the Ankara-İzmir High Standard Railway project, 16.3 billion lira for the Mersin-Adana-Osmaniye-Gaziantep High Standard Railway project and 14.2 billion lira for the Halkalı-Kapıkule High Speed Train project. lira funding was provided.
This sector was followed by the education sector with a share of 15 percent. An allowance of 150.8 billion lira was allocated for education sector investments in 2024, an increase of 147 percent. 99.5 billion lira was allocated for basic education.
This year, 106 billion lira was allocated to the mining sector, which has a 10.5 percent share in investment appropriations, with an increase of 34 percent, and 75.7 billion lira was allocated to the energy sector, which has a 7.5 percent share, with a 70 percent increase. Significant developments are expected to be made on a project basis in these sectors.
Work continues rapidly on the Sakarya Natural Gas Field Development Project, which aims to produce 710 billion cubic meters of natural gas in the Black Sea and increase the production capacity of the field. 46 billion lira was allocated to this project. An allowance of 53.8 billion lira was allocated for other natural gas and oil exploration and production activities carried out in order to reduce foreign dependency in energy.
DSI will bring water to 130 thousand hectares of land
This year, an allowance of 101 billion lira was allocated to the agricultural sector, which receives a 10 percent share of investment appropriations, with an increase of 132 percent. Within the scope of agricultural irrigation investments, it is planned to open approximately 130 thousand hectares of land for irrigation with the 51 billion lira allocation allocated to the General Directorate of State Hydraulic Works. In addition, 22.9 billion lira was allocated for flood protection projects.
On the other hand, 4 small fire tanker aircraft and 1 fire-fighting helicopter will join the General Directorate of Forestry’s aircraft fleet this year within the scope of combating forest fires.
The allocation allocated to health investments is 82.7 billion lira
The share of the health sector in investments this year was 9.4 percent. In order to further improve the progress made in physical infrastructure, access to service and service quality and reduce regional differences, 16 thousand 822 beds and 486 units will be put into service this year with 82.7 billion lira allocated to the Ministry of Health, an increase of 152 percent. In addition, the construction of 17 city hospitals with a capacity of 19 thousand 250 beds will continue and 6 projects of these hospitals with a capacity of 6 thousand 450 beds will be completed and put into service.
In order to create more investment places for investors and entrepreneurs and to increase production and employment, an allowance of 15.2 billion lira was allocated to the Ministry of Industry and Technology in the manufacturing industry sector, an increase of 156 percent. In this context, 5 billion lira was provided for the construction of industrial workplaces in the earthquake zone, 5.3 billion lira for organized industrial zone projects, and 2.8 billion lira for small industrial site projects.
In order to increase the country’s R&D and innovation capacity, an allowance of 21.8 billion lira was allocated, with a 120 percent increase in the investment budget allocated within the scope of research support programs such as TÜBİTAK TARAL, research infrastructure projects in universities and public institutions, and the Research Universities Support Program.
In addition, 35.5 billion lira investment funds were allocated to universities this year, an increase of 109 percent.
