Release date: 17 July 2002
Promoter – Financial Intermediary
General Directorate of Roads and Highways - KGMLocation
Description
The project consists in the improvement and expansion of high priority stretches of the existing national road system. The upgrading of two North-South road corridors are envisaged which are urgently needed due to increasing traffic volumes and a high percentage of heavy goods traffic (HGV).
Objectives
The project will target parts of the priority stretches of the Turkish road network and will considerably improve transport efficiency and increase capacity. Immediate benefits will be reductions in travel time and in vehicle operating costs, as well as improvements of traffic safety.
Comments
Roads
Sector(s)
Proposed EIB finance (Approximate amount)
Approximately EUR 200 million
Total cost (Approximate amount)
Approximately EUR 900 million
Environmental aspects
On the one hand, by its nature, the project will have some adverse impacts on the natural environment. On the other, by delivering high quality and safer road infrastructures, the project will contribute to reducing the traffic congestion for the population, at the local level and to improve the road safety and traffic conditions for mid/long term traffic. Overall, sufficient mitigating measures will be taken, so as to ensure that the environmental impact of the project is acceptable.
Procurement
Procurement in line with EU Directives with international competitive bidding with tender publication in the Official Journal of the European Community.
Status
Signed - 29/11/2002
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).