Release date: 19 December 2002
Promoter – Financial Intermediary
Greater Izmir MunicipalityLocation
Description
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.
Objectives
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.
Comments
Urban Transport
Sector(s)
Proposed EIB finance (Approximate amount)
Approximately EUR 130 million
Total cost (Approximate amount)
Approximately EUR 350 million
Environmental aspects
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
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.
Status
Signed - 14/03/2007
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).