Financed ProjectsAdana Light Rail Transit System

Identification Code:

OP/06/0556

Total Operation Cost:

136.733.601

Maturity:

120 months

Operation Status:

Description and Purpose of the Operation:

BSTDB participates in the second phase of a long-term financing scheme for the construction of a light-rail transit system in the city of Adana (southern Turkey).

Countries of Operation:

Türkiye (100,00 %)

Financial Product:

Loans

Sector:

Industrials

Domain:

Public

Borrower/Client:

Adana Municipality

Co-Financiers/Participants:

WestLB AG London Branch, Turkiye Vakiflar Bankasi Bahrain Branch, Banca OPI S.p.a.

Guarantors/Sponsors:

The Undersecretariat of the Republic of Turkey (Guarantor for 95% of the Loan amount)

Developmental and Regional Cooperation Impact:

Mobilizing foreign and non-member countries' capital, the project will contribute to the development of Adana region and will guarantee economic benefits, including time saving for passengers through the modernisation of the mass transport infrastructure.

Environmental Classification and Impact (summary):

All planned activities are in compliance with Turkish national and local legislation and are expected to have a positive impact on Adana municipality, mostly in respect of energy consumption, reduction of air pollution as well as reduction of traffic congestion.

Operation Leader:

General Industries, Transport, Tourism 2

E-mail:

gitt2@bstdb.org