Financed ProjectsIstanbul Kadikoy-Kartal Metro

Identification Code:

OP/08/0699

Total Operation Cost:

526.000.000

Maturity:

120 months

Operation Status:

Description and Purpose of the Operation:

BSTDB participates in the financing of the construction of a double track system metro line on the Asian part of Istanbul. The system will enhance the effectiveness of the metro infrastructure of the city of Istanbul providing a convenient and fast access to the European Side and the metro system of Istanbul.

Countries of Operation:

Türkiye (100,00 %)

Financial Product:

Loans

Sector:

Industrials

Domain:

Public

Borrower/Client:

Istanbul Metropolitan Municipality

Co-Financiers/Participants:

SACE Export Credit Agency, ABN AMRO BANK N.V., BIIS -BANCA INFRASTRUTTURE INNOVAZIONE E SVILUPPO S.p.A, CALYON, DEPFA BANK plc DENIZBANK A.S. , BAHRAIN BRANCH, Fortis Bank S.A./N.V. - Succursale in Italia, Societe Generale, MCC - Mediocredito Centrale S.p.A. (UNICREDIT GROUP), WestLB AG, London Branch

Guarantors/Sponsors:

Developmental and Regional Cooperation Impact:

The socio-economic benefits of this operation include improvement of the rate of traffic accidents, fuel consumption and traffic jams, as well as a decrease of urban land use for the purposes of building new roads, junctions, car parks, etc.

Environmental Classification and Impact (summary):

In compliance with applicable legal EH&S requirements. The project will significantly decrease the urban air pollution levels, noise, as well as traffic congestions and rate of accidents.

Operation Leader:

General Industries, Transport, Tourism 2

E-mail:

gitt2@bstdb.org