📋 Tender Overview
Location: Turkey
Project number: 52767
Business sector: Municipal and environmental infrastructure
Notice type: State
Environmental category: IESE
EBRD Finance Summary: EUR 125,000,000.00
Total Project Cost: EUR 337,440,000.00
Project Description
A senior loan of up to EUR 125 million to Ankara Metropolitan Municipality (AMM). The proceeds of the loan will be used for the construction of Dikimevi - Nato yolu metro line, 7.46km and 8 stations. The Project will be an underground metro line with the stations and tunnel having an average depth between 30 to 45 meters below ground level. The Project will result in safer and more reliable transport services for 691,520 passengers per day.
Project Objectives
The construction of a new metro line is part of the city's extension of its urban rail network to meet increasing demand, providing an environmentally friendly alternative to private vehicles.
Transition Impact
ETI score: 70
The Project is part of the Green City Framework 2 (GrCF2) Window II, which provides a strategic and multi-project approach targeting environmental issues in selected eligible cities in the Bank's countries of operation. The primary goal is to achieve significant environmental improvements and promote the green transition quality within the relevant cities. The GrCF2 also aims to build the necessary capacity and facilitate better coordination and buy-in among various stakeholders within cities in order to improve the governance, operational efficiency and financial sustainability of the targeted investments and initiatives.
Project Objectives
The construction of a new metro line is part of the city's extension of its urban rail network to meet increasing demand, providing an environmentally friendly alternative to private vehicles.
Transition Impact
ETI score: 70
The Project is part of the Green City Framework 2 (GrCF2) Window II, which provides a strategic and multi-project approach targeting environmental issues in selected eligible cities in the Bank's countries of operation. The primary goal is to achieve significant environmental improvements and promote the green transition quality within the relevant cities. The GrCF2 also aims to build the necessary capacity and facilitate better coordination and buy-in among various stakeholders within cities in order to improve the governance, operational efficiency and financial sustainability of the targeted investments and initiatives.
Client Information
MUNICIPALITY OF ANKARA
AMM is a public legal entity established and governed under Turkish law. It is the capital and the second largest municipality in Turkey with a population of 5.6 million.
EBRD Finance Summary
EUR 125,000,000.00
A senior loan of up to EUR 125 million to Ankara Metropolitan Municipality. The remainder of the project cost will be financed by the parallel lenders and the City's equity contribution.
Total Project Cost
EUR 337,440,000.00
Total project cost is EUR
