Istanbul Urban Transport II

Promoter – Financial Intermediary

Metropolitan Municipality of Istanbul

Location

• Turkey

Description

The project consists of the construction of a new, 17 km long metro line on the Anatolian side of Istanbul and the extension of another one, 8 km in length, on the European side of the Metropolitan area.

Objectives

The project will contribute to alleviate the present and future traffic problems.

Sector(s)

• Transport

Proposed EIB finance (Approximate amount)

Approximately EUR 500 million to 700 million.

Total cost (Approximate amount)

Up to EUR 1550 million.

Environmental aspects

The project forms part of a public transport development plan for Istanbul. Were to be implemented within the EU the project would fall within the scope of Annex II of Directive 85/337/EEC (as amended) and it is therefore for the competent authority to decide whether a formal Environmental Impact Assessment is required. According to Turkish legislation on the environment, a full EIA is not required for this type of project. However, a so-called pre-environmental impact study identifying the main impacts and defining the mitigating measures has to be carried out (to be checked during appraisal).

Procurement

The Metropolitan Municipality of Istanbul (the awarding authority) follows standard international open tendering procedures in compliance with the Bank's guidelines for procurement.The promoter has informed the Bank that it is their intention to proceed in the similar way for the procurement of contracts related to the construction of the new line. Under these circumstances, the procurement procedures followed by the promoter are suitable for the project and acceptable for the Bank.

Status

Signed - 11/04/2008