The Turkish government is providing $500 million in loan guarantees to the manufacturers of gas storage systems, as it seeks to revive the economy and repair its aging infrastructure.
The National Disaster Management Agency said the financing is part of the government’s $2.5 billion loan package to the Turkish hospitals and gas companies for emergency repairs and capital expenditures for the 2015-2020 period.
The agency said the deal will provide loans of up to $2 billion to the gas companies and will be repaid within 15 years.
The loan is the largest to be secured in the country’s history.
Turkey is struggling to deal with a surge in earthquakes and other natural disasters that have hit the country in recent years.
In February, the country suffered another earthquake, this time at a nuclear power plant that had been under construction since the 1980s.