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Signature(s)

Amount
€ 100,000,000
Countries
Sector(s)
Türkiye : € 100,000,000
Transport : € 100,000,000
Signature date(s)
8/05/2008 : € 100,000,000
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Summary sheet

Release date
28 March 2007
Status
Reference
Signed | 08/05/2008
20060527
Project name
Promoter - financial intermediary
Bursa Light Rail Transit System II
Bursa Metropolitan Municipality
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Approximately EUR 75 million, to be appraised.
Approximately EUR 150 million, to be appraised.
Location
Sector(s)
Description
Objectives

The project comprises a 6.7 km extension of the existing Bursa Light Rail Transit System (LRTS) and supply of additional rolling stock for the entire system. The development is in line with the proposed phasing outlined in the Bursa LRTS Transport Planning Programme and represents the second phase of the LRTS, also known as Section C. The first phase of the project (Sections A and B) is being financed by the Bank (Bursa Light Rail Train, number 2002-0328) and is at the operational and implementation stages respectively.

Extension of the Light Rail Transit System of the Metropolitan City of Bursa.

Environmental aspects
Procurement

The project is located primarily along the median of the existing road network and is likely to have limited potential environmental impact. The main impacts during the construction phase include accessibility to private and public properties and noise pollution levels close to the work sites.

The promoter has stated that both the infrastructure and rolling stock components of the project will be procured following open procedures with advertising in the OJEU in compliance with the Bank's Guide to Procurement and consistent with procurement Directive 2004/17/EC applicable within the EU. These procedures are suitable for the project and are satisfactory to the Bank.

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

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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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