Search En menu en ClientConnect
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages

    Signature(s)

    Amount
    € 225,000,000
    Countries
    Sector(s)
    Türkiye : € 225,000,000
    Transport : € 225,000,000
    Signature date(s)
    29/11/2002 : € 225,000,000
    Link to source

    Summary sheet

    Release date
    17 July 2002
    Status
    Reference
    Signed | 29/11/2002
    20010601
    Project name
    Promoter - financial intermediary
    KGM Interurban Roads I
    General Directorate of Roads and Highways - KGM
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Approximately EUR 200 million
    Approximately EUR 900 million
    Location
    Sector(s)
    Description
    Objectives

    The project consists in the improvement and expansion of high priority stretches of the existing national road system. The upgrading of two North-South road corridors are envisaged which are urgently needed due to increasing traffic volumes and a high percentage of heavy goods traffic (HGV).

    The project will target parts of the priority stretches of the Turkish road network and will considerably improve transport efficiency and increase capacity. Immediate benefits will be reductions in travel time and in vehicle operating costs, as well as improvements of traffic safety.

    Environmental aspects
    Procurement

    On the one hand, by its nature, the project will have some adverse impacts on the natural environment. On the other, by delivering high quality and safer road infrastructures, the project will contribute to reducing the traffic congestion for the population, at the local level and to improve the road safety and traffic conditions for mid/long term traffic. Overall, sufficient mitigating measures will be taken, so as to ensure that the environmental impact of the project is acceptable.

    Procurement in line with EU Directives with international competitive bidding with tender publication in the Official Journal of the European Community.

    Comments

    Roads

    Link to source

    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).

    News & Stories

    Link to source
    Other links

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

    Media enquiries

    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

    Complaints mechanism

    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

    Zero tolerance against fraud and corruption

    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

    Related publications