Release date: 17 June 2005
Promoter – Financial Intermediary
Ministry of Transport and TelecommunicationsLocation
Description
The project concerns the rolling stock component of a major investment already supported by the Bank, the Bosphorus Tunnel project (Ref. Related Notice published on the Bank’s Internet Site on 3 May 2004).
Objectives
By providing the commuter train component in addition to the already financed infrastructure components, it will contribute to the development of a commuter rail on the first intercontinental railway link between Europe and Asia across the Bosphorus Straits, located on Pan-European Transport Corridor 4. This major mass transport connection for metropolitan Istanbul is a priority of the Turkish government and will make a significant contribution to the development of sustainable urban and interurban transport.
Sector(s)
Proposed EIB finance (Approximate amount)
Approximately EUR 400 million.
Total cost (Approximate amount)
Approximately EUR 800 million.
Environmental aspects
The environmental impact of the infrastructure project was found to be acceptable during appraisal. Environmental mitigating measures and monitoring are included in the project and will be covered by detailed Mitigation and Monitoring Plans.
Procurement
EIB procurement rules will apply. They are well known to the promoter as they apply to the contracts financed by the Bank under the related infrastructure project.
The procedure foreseen is ICB
Status
Signed - 13/03/2006
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).