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

    Signature(s)

    Amount
    € 700,000,000
    Countries
    Sector(s)
    Türkiye : € 700,000,000
    Transport : € 700,000,000
    Signature date(s)
    11/04/2008 : € 700,000,000
    Link to source

    Summary sheet

    Release date
    5 July 2007
    Status
    Reference
    Signed | 11/04/2008
    20060462
    Project name
    Promoter - financial intermediary
    Istanbul Urban Transport II
    Metropolitan Municipality of Istanbul
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Approximately EUR 500 million to 700 million.
    Up to EUR 1550 million.
    Location
    Sector(s)
    Description
    Objectives

    The project consists of the construction of a new, 17 km long metro line on the Anatolian side of Istanbul and the extension of another one, 8 km in length, on the European side of the Metropolitan area.

    The project will contribute to alleviate the present and future traffic problems.

    Environmental aspects
    Procurement

    The project forms part of a public transport development plan for Istanbul. Were to be implemented within the EU the project would fall within the scope of Annex II of Directive 85/337/EEC (as amended) and it is therefore for the competent authority to decide whether a formal Environmental Impact Assessment is required. According to Turkish legislation on the environment, a full EIA is not required for this type of project. However, a so-called pre-environmental impact study identifying the main impacts and defining the mitigating measures has to be carried out (to be checked during appraisal).

    The Metropolitan Municipality of Istanbul (the awarding authority) follows standard international open tendering procedures in compliance with the Bank's guidelines for procurement.The promoter has informed the Bank that it is their intention to proceed in the similar way for the procurement of contracts related to the construction of the new line. Under these circumstances, the procurement procedures followed by the promoter are suitable for the project and acceptable for the Bank.

    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

    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