Übersicht
Construction of a new 23 km underground metro line in Istanbul, on the European side of the city between Mahmutbey and Kabatas.
The project is expected to generate savings in user time, vehicle operating costs, road accident costs, local air/noise emissions as well as a reduction in greenhouse gas emissions as a result of the expected modal shift of passengers from road to rail.
If situated within the EU, the project would fall under Annex II of Environmental Impact Assessment (EIA) Directive 2011/92/EU and therefore be subject to a screening decision of the competent authority. In this case, the project was screened out based on an environmental assessment prepared in 2007. These documents will be reviewed and assessed during the appraisal to ensure compliance with the EIB's environmental and social standards.
The Bank will require the promoter to ensure that for works to be financed by the proposed EIB loan, procurement procedures are carried out in accordance with the Bank's Guide to Procurement.
This operation is covered by the EU Guarantee for EIB loans outside the EU.