The Chester Concession , approved by the congress of the newly founded Republic of Turkey on April 10, , would have allowed United States development of oil and railways. The United States Senate refused to ratify the treaty, and consequently Turkey annulled the concession. It was an award of the significant importance and marked the introduction of U. Germany had obtained concessions from Ottoman Empire that allowed German companies to construct railways. The U. The corporation could utilize the resources of the public lands, including sandpits , gravel pits , quarries and timber , without compensation and was granted exemption from taxation.
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DEMİRYOLU İNŞASI FİKRİ VE SAHİBİNİN ADIYLA İFADE EDİLEN BİR PROJE: “CHESTER PROJESİ”