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Signature(s)

Amount
€ 295,000,000
Countries
Sector(s)
Türkiye : € 295,000,000
Transport : € 295,000,000
Signature date(s)
18/12/2015 : € 295,000,000
Link to source

Summary sheet

Release date
14 September 2015
Status
Reference
Signed | 18/12/2015
20150294
Project name
Promoter - financial intermediary
ISTANBUL UNDERGROUND RAIL NETWORK
ISTANBUL BUYUKSEHIR BELEDIYESI
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 295 million
EUR 1400 million
Location
Sector(s)
Description
Objectives

Construction of a new 23 km underground metro line in Istanbul, on the European side of the city between Mahmutbey and Kabatas.

The project is expected to generate savings in user time, vehicle operating costs, road accident costs, local air/noise emissions as well as a reduction in greenhouse gas emissions as a result of the expected modal shift of passengers from road to rail.

Environmental aspects
Procurement

If situated within the EU, the project would fall under Annex II of Environmental Impact Assessment (EIA) Directive 2011/92/EU and therefore be subject to a screening decision of the competent authority. In this case, the project was screened out based on an environmental assessment prepared in 2007. These documents will be reviewed and assessed during the appraisal to ensure compliance with the EIB's environmental and social standards.

The Bank will require the promoter to ensure that for works to be financed by the proposed EIB loan, procurement procedures are carried out in accordance with the Bank's Guide to Procurement.

Under ELM Guarantee

This operation is covered by the EU Guarantee for EIB loans outside the EU.

Link to source
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).

Documents

Environmental and Social Data Sheet (ESDS) - ISTANBUL UNDERGROUND RAIL NETWORK
Publication Date
6 Jan 2016
Document language
Main Topic
Lending
Document Number
63878521
Document Focus
Environmental Information
Project Number
20150294
Sector(s)
Countries
Publicly available
Download now

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.

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