Financed ProjectsIzmir Municipality Metro project

Identification Code:

OP/19/0056

Total Operation Cost:

198.000.000

Maturity:

120 months

Operation Status:

Description and Purpose of the Operation:

Izmir Municipality Metro project aimed at the construction of a 7.2 km metro line with seven underground metro stations in Izmir

Countries of Operation:

Türkiye (100,00 %)

Financial Product:

Loans

Sector:

Industrials

Domain:

Public

Borrower/Client:

Izmir Meropolitan Municipality

Co-Financiers/Participants:

EBRD

Guarantors/Sponsors:

n.a.

Developmental and Regional Cooperation Impact:

The operation will have favorable economic benefits for the Turkish economy, particularly in Izmir, which is the third biggest city. Once operational, the new line will improve connectivity in the city, reduce time spent in traffic and reduce traffic load and related expenses. At the same time, metro line operator will pay taxes and likely hire more staff, thereby positively contribute to employment.

Environmental Classification and Impact (summary):

The Project has been screened as B+ in accordance with the BSTDB Environmental and Social Policy due to the potential to generate medium- high environmental and social (E&S) risks and impacts, which however are likely to be limited, site-specific, not significant, and which can be managed to meet the internationally accepted standards for public transportation systems.

Operation Leader:

General Industries, Transport, Tourism 2

E-mail:

gitt2@bstdb.org