Release date: 9 December 2014
Promoter – Financial Intermediary
PETLIM LIMANCILIK TICARET ASLocation
Description
The construction of a container port in the Aliaga district of the Izmir province on the Aegean coast of Turkey.
Objectives
The project will support maritime freight transport as an alternative to other transport modes and will thus contribute to transport sustainability as well as to climate change mitigation. Additionally, as Turkey is a pre-accession country, the project contributes to the EIB's cohesion priority objectives.
Comments
The "Proposed EIB finance" and the "Total project cost" figures provided below in both EUR and USD represent initial EIB estimates of maximum amounts and are subject to verification during appraisal. As such, the final amounts may vary.
Sector(s)
- Transport - Transportation and storage
Proposed EIB finance (Approximate amount)
USD 80 million (EUR 70 million)
Total cost (Approximate amount)
USD 268 million (EUR 235 million)
Environmental aspects
The project has been subject to full environmental and social impact assessments (ESIA). The project’s compliance with relevant legislation including the status of any environmental studies and public consultation, mitigation/compensation measures, environmental monitoring plans and biodiversity assessment requirements will be verified during appraisal.
Procurement
The Bank will require the promoter to ensure that any procurement procedures are done in accordance with the Bank’s Guide to Procurement.
Status
Signed - 6/05/2016
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).