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        EURASIA TUNNEL (PPP)

        Signature(s)

        Amount
        € 269,521,022.65
        Countries
        Sector(s)
        Türkiye : € 269,521,022.65
        Transport : € 269,521,022.65
        Signature date(s)
        8/12/2012 : € 115,509,009.71
        8/12/2012 : € 154,012,012.94
        Other links
        Related publications
        Environmental and Social Impact Assessment (ESIA) - Annexes A - J - EN
        Related publications
        Non Technical Summary (NTS) of the Environmental Impact Assessment (EIA) - - EN
        Related publications
        Environmental and Social Impact Assessment (ESIA) - - EN
        Related publications
        Environmental and Social Impact Assessment (ESIA) - Annexes K - P - EN

        Summary sheet

        Release date
        10 December 2010
        Status
        Reference
        Signed | 08/12/2012
        20090678
        Project name
        Promoter - financial intermediary
        Eurasia Tunnel (PPP)

        Republic of Turkey, represented through DLH, - the relevant body of the Transportation Ministry

        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        Approximately EUR 250 million (to be appraised)
        Approximately EUR 768 million (to be appraised)
        Location
        Sector(s)
        Description
        Objectives

        The project is a PPP for the the design, financing, construction, operation and maintenance of the Istanbul Strait Road Tunnel Crossing, comprising three sections with a total length of 14.6 km. The two road sections on either side of the tunnel shall be returned to the public authorities immediately after the completion of construction while the tunnel section shall be operated under a concession.

        Protection of Environment and Sustainable Communities
        Support to Pre-accession countries

        Environmental aspects
        Procurement

        If within the EU, the project would fall under Annex I of the EIA Directive 85/337/EEC, amended by directives 97/11/EC and 2003/35/EC thus requiring a full EIA, including public consultation.

        The project has been tendered by the Turkish State (via DLH) as a BOT for the design, building, financing, operating of the “Istanbul Strait Road Tube Crossing”, and has received widespread international interest. Tender has been awarded with a concession period of 30.5 years at the end of 2008 to a Turkish-Korean J.V., and the contract is currently being finalised for signature. Procurement procedures followed are deemed satisfactory by the Bank.

        Other links
        Related publications
        Environmental and Social Impact Assessment (ESIA) - Annexes A - J - EN
        Related publications
        Non Technical Summary (NTS) of the Environmental Impact Assessment (EIA) - - EN
        Related publications
        Environmental and Social Impact Assessment (ESIA) - - EN
        Related publications
        Environmental and Social Impact Assessment (ESIA) - Annexes K - P - EN

        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.

        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 Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

        Related publications