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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
Link to source
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Summary sheet

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

Link to source
Summary sheet
Other links

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).

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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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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.

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