Blockchain Press Releases
Rönesans Holding Spearheads Construction of 286km Electric Railway in Southern Turkiye, Boosting UK-Turkiye Export and Sustainable Transportation
ISTANBUL, Aug. 16, 2023 /PRNewswire/ — Rönesans Holding announces its commitment to the construction of a transformative 286km electric railway network in southern Turkiye, connecting major cities through a high-speed, low-carbon route. This landmark project, authorised by the Turkish Ministry of Transport, will not only bolster international relations and the volume of export between Turkiye and the UK but also contribute significantly to the region’s economic growth and environmental sustainability.
Operating at speeds of up to 200 km/h, this high-speed rail link will reduce travel time from Gaziantep to Mersin from six hours to two hours – the second largest container port in Turkiye and a thriving city of over one million people – by four hours, with the improved transportation connectivity expected to generate a significant economic boost to the area.
With a presence in over 30 countries and a successful track record of delivering more than €40bn of complex and large-scale infrastructure projects worldwide, with over 70% of its revenues generated from international business outside Turkiye, Rönesans Holding brings a wealth of expertise and experience to this ambitious railway endeavour. The project is the latest in the company’s long history of successful strategic partnerships from all around the world, having worked with partners and shareholders including Government of Singapore Investment Corporation (GIC), Meridiam, a Paris-based infrastructure fund, Japanese trading house Sojitz Corporation, and International Finance Corporation (IFC), of the World Bank Group which is a shareholder in Rönesans, and Samsung CT, among others.
Leveraging its global network of over 30,000 professionals, the company is well-positioned to implement the cutting-edge solutions and innovative technologies needed to construct and operate a high-speed electrified railway in an area known to experience seismic activity.
Dr. Erman Ilıcak, President of Rönesans Holding, expressed his enthusiasm for the project, stating, “This railway line is a hugely exciting development for southern Turkiye and will also see Rönesans strengthen its relationships with key UK suppliers. We are delighted to be appointed to the project, and to work together with such prolific UK businesses to bring this high-speed electrified railway to life. This truly collaborative project will not only enhance our relationship with UK exporters, it will also revolutionise rail links in Turkiye, significantly enhancing the region’s industrial connectivity and trade while actively reducing negative environmental impact.”
The financing for this project has been supported by the UK government’s export credit agency, UK Export Finance (UKEF), which has underwritten €781m of funding (equivalent to £680m) of the €923 million total project financing. The loan was provided by a number of global financial institutions, including JP Morgan, ING, and BNP Paribas. This pan-European deal also includes involvement from Italian and Austrian export credit agencies, SACE and OeKB, who will be providing the necessary reinsurance to secure the project for Turkish rail infrastructure.
UKEF’s support for the railway project opens new multimillion-pound export contract opportunities for collaboration between UK suppliers and Rönesans Group. Discussions are already underway to negotiate contracts for essential components, including signalling equipment, ESG consultancy services, and mechanical components. The project’s success is aligned with the growth in national production and construction outputs experienced this year, promising even greater prospects for UK exporters.
This ambitious railway project will play a crucial role in Turkiye’s efforts to achieve its environmental goals and increase high-speed railway coverage in the country to 10,000km. Spanning a distance greater than that between Cardiff and London, the railway will enable faster and more efficient travel, benefitting regional infrastructure and growth. It will also establish strategic connections with airports, ports, and industrial zones in the hinterlands, including many major cities like Adana and Gaziantep, as well as larger cities in Southeastern Anatolia such as Hatay, Diyarbakır, and Şanlıurfa, and also Central Anatolia.
The electric railway will replace the current diesel locomotive-operated railway, providing a lower-carbon and more sustainable alternative between Mersin and Gaziantep. Project forecasts indicate that the completed route will save an impressive 157,000 tonnes in CO2e emissions in its first year alone. By reducing travel time and increasing the usage of railways, it will alleviate traffic congestion and accidents on highways, while promoting a much more sustainable transportation system by reducing carbon emissions.
The project also plays a significant part in the wider reconstruction efforts following the devastating twin earthquakes that struck Turkiye in February 2023. By contributing to the rebuilding of Gaziantep, Osmaniye, and other areas severely impacted by the disaster, the railway will aid in the region’s recovery and growth. Under the leadership of Dr. Erman Ilıcak, the President, and İpek Ilıcak Kayaalp, the Chairperson of the Board of Directors, this is of particular importance to Rönesans, who played a key role in the disaster relief efforts, and remain committed to the cause collaborating with UNICEF and UNFPA on active projects to aid the areas and people affected.
Rönesans Holding is dedicated to fostering sustainable and innovative transportation solutions, and this high-speed electrified railway is a testament to its commitment to environmental stewardship and economic progress.
About Rönesans Holding
Rönesans Holding, headquartered in Ankara, is the 24th largest international contracting company globally and the 8th largest in Europe with international operations in 30 countries across Europe, Central Asia, the Middle East and Africa – including Ballast Nedam in the Netherlands and Heitkamp in Germany, Rönesans has been operating as the main contractor and investor successfully for 30 years across construction, real estate development, energy, healthcare and industrial facilities. Putting resilience and growth through innovation at the core of the company, with a priority on sustainability and social development, Rönesans has developed projects supporting students with scholarships, academic platforms and initiatives; been a signatory of the UN Global Compact since 2015; and a signatory of the UN Women’s Empowerment Principles since 2016.
Along with its partners GIC, Meridiam Infrastructure, Sojitz, Samsung, and IFC, of the World Bank Group (minority shareholder in the group), Rönesans has invested more than EUR7 billion into pioneering projects in Türkiye.
Ceren Yüksel, +905382540053, [email protected]
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Blockchain Press Releases
Compass Mining Scales Texas Operations with 25 MW Bitcoin Mining Facility, Plans Further Expansion
Energizes Over 50 MW in 2024 Across Six States, with 35 MW Coming Online by January 2025
WILMINGTON, Del., Dec. 20, 2024 /PRNewswire/ — Compass Mining (“Compass” or the “Company”), a leading provider of Bitcoin mining hardware, hosting, and operational solutions, proudly announces the addition of a new 25 megawatts (MW) Bitcoin mining facility in Texas to its growing network of North American operations. The facility is already fully built out and will be operational with an initial 5 MW of capacity by year’s end, scaling to 25 MW in early January 2025. Compass also plans to expand the facility’s capacity to 60 MW by Q3 2025.
The new Texas facility will house a mix of relocated machines from Compass’s existing sites, as well as newly deployed units, ensuring continuity for current customers while offering new clients a seamless and turnkey Bitcoin mining experience. By January 2025, new customers purchasing machines through Compass’s platform will have the option to deploy them at the “Texas 6″ site.
“Our new Texas facility represents another milestone in our mission to make bitcoin mining more accessible for everyone,” said Paul Gosker, CEO of Compass Mining. “We bring a wealth of experience from successfully operating at multiple locations across Texas, navigating the unique grid dynamics and leveraging local resources. For this site, we will provide our support and expertise, including assisting our site partner in hiring expert technicians who meet Compass’s high standards. This ensures high uptime and reliability, delivering the quality our customers expect.”
Compass’s strategy combines vertical integration through proprietary facilities, such as the new Iowa 4 site, with partnerships at third-party facilities renowned for high uptime and reliability. This dual approach allows the company to maintain operational flexibility while delivering reliable hosting solutions. The company has energized a total of approximately 50 MW of power capacity across mining facilities in Indiana, Iowa, Ohio, Kentucky, Nebraska, and Texas in 2024, with plans to add another 35 MW by January 2025.
About Compass Mining
Compass Mining is a customer-first company that provides a platform for individuals and businesses to purchase Bitcoin mining hardware, host machines, build and manage mining facilities, and access a range of ancillary services. With a commitment to exceptional customer support and transparency, Compass Mining sets the benchmark for bitcoin mining hosting. Its mission is to make Bitcoin mining accessible to everyone. To learn more about Compass Mining or to start mining today, visit compassmining.io.
Media Contact
BlocksBridge Consulting
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DUBAI, UAE, Dec. 20, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, will be extending the festive fun with lavish virtual gifts for Bybit Card holders. From Dec. 20, 2024 to Jan. 31, 2025, with every swipe of their Bybit Card, users may get a chance to unwrap mystery gift boxes, including 1,000 in USDT and other exciting airdrops from DOGE to BTC—all rewards, no catches.
For each 100 USDT spent in eligible purchases with the Bybit Card, users will receive a lucky draw ticket to redeem a gift box on Bybit. Each gift box promises a crypto reward—from Christmas baubles in DOGE, SOL, ETH, XRP and BTC airdrops, all the way up to the grand prize of 1,000 in USDT. Registration is required and the special Holiday Giveaway ends at the end of Jan. 2025.
For users looking for a convenient way to utilize their crypto assets for daily spendings and debit payments, it is not too late to apply for the Bybit Card. The application and verification process takes minutes, and a virtual card will be issued as soon as the card is approved, enabling seamless digital payment on Apple and Android devices in applicable regions.
“The Bybit Card takes the hassle out of crypto off-ramp for regular users and weaves rewards and benefits into daily spendings. On top of regular cashbacks, we are introducing extra perks as our token of thanks to wrap up an eventful year in crypto,” said Joan Han, Sales and Marketing Director at Bybit.
The Bybit Card made expansive global footprints 2024 as crypto adoption continues to rise in the past year. Trusted and frictionless crypto payment solutions are in demand in various parts of the world, and Bybit is one of the natural habitats of crypto native consumers. Spanning from Buenos Aires to Amsterdam, the Bybit Card community is growing and so are the perks:
- Up to 10% cashback in USDT, BTC and ETH on eligible purchases
- Zero fees for instant virtual card issuance
- Zero annual or hidden fees
- Up to 8% APY
Enjoy this festive season in all its splendor. Eligible Bybit Card holders from all regions are welcome; terms and conditions apply: Bybit Card Holiday Giveaway: Swipe, Spend & Sparkle!
#Bybit / #TheCryptoArk #theBybitCard
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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Blockchain Press Releases
Bybit P2P Unlocks 20,000 USDT Prize Pools for Select Users in South Asia and Africa
DUBAI, UAE, Dec. 20, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, will be concluding 2024 with lucky spins all around for eligible users on Bybit P2P. With a chance at two grand bonus pools of 10,000 USDT each, select users in parts of South Asia and Africa stand to make the most of their P2P trades at Bybit.
From now to Dec. 31, 2024, eligible users may create their own P2P trading bonus at Bybit and unlock 100% chance of winning:
- South Asia: Eligible users in South Asia may sign up for the Grand Spin Extravaganza
- Africa: Eligible users may register to enter the P2P Prize Spinner
Successful participants may complete one or more referral, deposit, or trading tasks to earn up to 10 Lucky Draw Tickets. Tasks start at beginner level including a first-time deposit of 10 USDT. With a Ticket, users get to spin the wheel of fortune for a guaranteed airdrop from the 10,000 USDT Prize Pool.
As communities in the Global South start to build and diversify their wealth, millions are in dire need of modernized and inclusive financial infrastructures. The digital asset class offers an alternative for grassroot investors in emerging markets, demonstrating transformative power to shape the future of growth.
Bybit’s peer-to-peer trading platform provides user-friendly and trusted tools for P2P merchants and buyers. Users can compare and execute trades at an optimal price agreed upon by both parties, carried out on Bybit’s ultra smooth trading platform at zero fees. Supporting over 60 fiat currencies and over 300 payment methods, Bybit P2P contributes to democratizing access to the digital economy.
Users who have completed Bybit Identity Verification Level 1 may log in to confirm their eligibility. Terms and conditions apply.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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