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    Signature(s)

    Amount
    € 150,000,000
    Countries
    Sector(s)
    Türkiye : € 150,000,000
    Transport : € 150,000,000
    Signature date(s)
    14/03/2007 : € 150,000,000

    Summary sheet

    Release date
    19 December 2002
    Status
    Reference
    Signed | 14/03/2007
    20020152
    Project name
    Promoter - financial intermediary
    Izmir Commuter Train
    Greater Izmir Municipality
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Approximately EUR 130 million
    Approximately EUR 350 million
    Location
    Sector(s)
    Description
    Objectives

    Upgrading of the suburban railway system in Izmir, including investment in new rolling stock, construction and refurbishment of stations, replacement of level crossings, construction of passenger transfer facilities, and construction of depots and warehouses.

    The project aims to alleviate the current traffic congestion, accommodate future growth in traffic volume and improve both the quality of life and environmental conditions in the metropolitan area of Izmir.

    Environmental aspects
    Procurement

    The proposed extension of the LRTS would alleviate traffic congestion in the city centre with consequent environmental benefits. Throughout appraisal of the project, environmental issues will be thoroughly reviewed according to applicable Turkish regulations and in line with EU environmental practices.

    Procurement of the components financed by the Bank to be carried out through open tendering and published in the Official Journal of the European Community.

    Comments

    Urban Transport

    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).

    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.

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    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 Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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