📋 Tender Overview
Location:
Türkiye
Project number:
55646
Business sector:
Municipal and environmental infrastructure
Notice type:
State
Environmental category:
B
Approval date:
30 Apr 2025
Status:
Exploratory
English-language PSD published:
22 Jan 2025
Project Description
A sovereign loan of up to EUR 95m to the Republic of Türkiye represented by the Ministry of Treasury and Finance, which will be on-granted to Adiyaman Municipality in Türkiye ("Municipality). The loan will finance the construction of up to 350 km of a sewer network and up to 50 km of a storm water network, including construction supervision services, in the city of Adiyaman, subject to the outcome of technical due diligence ("Project").
Project Objectives
The Project aims to support the reconstruction and rehabilitation of essential wastewater network infrastructure in Adiyaman, a region severely impacted by the two catastrophic earthquakes with magnitude of 7.7 and 7.6 on February 6, 2023, which caused a widespread devastation across 11 provinces in southeastern Türkiye, severely disrupting the livelihoods of countless people.
The Bank's investment is intended to improve essential services in the region and support the long-term resilience and sustainability of the city's infrastructure.
Transition Impact
ETI score: 60
The Transition Impact of the Project stems from its contribution to the Green transition quality through strengthening the infrastructure of the earthquake-affected region, which is vulnerable to climate change risks. The Project supports the Bank's Green Economy Transition approach by financing key wastewater network infrastructure that is crucial for protecting the water resources.
Client Information
Türkiye SOVEREIGN
The Borrower is the Republic of Türkiye, represented by the Ministry of Treasury and Finance. Adiyaman Municipality is the Beneficiary of the Project. ILBANK, a development and investment bank owned by municipalities and provincial special administrations, will act as the Implementation Agency.
EBRD Finance Summary
EUR 95,000,000.00
Total Project Cost
EUR 95,000,000.00
Additionality
The Bank's additionality derives from (i) the financing structure given the limited availability of funding sources in the market from commercial sources on reasonable terms and conditions, (ii) helping the Project to achieve higher environmental standards in the earthquake-affected city.
Environmental and Social Summary
The proposed project has been categorised B in accordance with the 2019 EBRD Environmental and Social (E&S) Policy, as the potential impacts are expected to be site specific and readily identifiable and addressed through mitigation measures. The proposed investment programme will finance rehabilitation of sewer networks and storm water network, including construction supervision services, which is expected to result in significant environmental and social benefits. There are no components identified th
