Release date: 17 October 2002
Promoter – Financial Intermediary
Greater Bursa MunicipalityLocation
Description
The project encompasses the construction of a first phase – i.e. the base line - of the Light Rail Transit System of the municipality of Bursa, including both civil works and equipment.
Objectives
Historically, all transport throughout Metropolitan Bursa is road based. Like several other of Turkey's largest cities, Bursa is confronted with the problems of a rapidly increasing population and traffic congestion in central city areas. By developing a rail-based system, the municipality aims to improve the quality and enhance the attractiveness of its public transport services.
Sector(s)
Proposed EIB finance (Approximate amount)
Approximately EUR 35 million
Total cost (Approximate amount)
Approximately EUR 330 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 for compliance with environmental regulations in Turkey.
Procurement
Procurement to be in line with requirements applicable in EU Member Countries with international competitive bidding.
Status
Signed - 24/06/2004
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).