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Adana Light Rail Transit System

Türkiye | Industrials

Identification Code:: OP/06/0556
Total Operation Cost:: 136.733.601 USD
Maturity:: 120 months
Operation Status:: BSTDB Approved Amount – Approval Date

50.000.000 USD – 15 Apr 2006
: BSTDB Signed Amount – Signed Date

45.000.000 USD – 19 Jul 2006
: Status:
Completed
Description and Purpose of the Operation:: BSTDB participates in the second phase of a long-term financing scheme for the construction of a light-rail transit system in the city of Adana (southern Turkey).
Countries of Operation:: Türkiye (100,00%)
Financial Product:: Loans
Sector:: Industrials
Domain:: Public
Borrower/Client:: Adana Municipality
Co-Financers/Participants:: WestLB AG London Branch, Turkiye Vakiflar Bankasi Bahrain Branch, Banca OPI S.p.a.
Guarantors/Sponsors:: The Undersecretariat of the Republic of Turkey (Guarantor for 95% of the Loan amount)
Developmental and Regional Cooperation Impact:: Mobilizing foreign and non-member countries' capital, the project will contribute to the development of Adana region and will guarantee economic benefits, including time saving for passengers through the modernisation of the mass transport infrastructure.
Environmental Classification and Impact:: All planned activities are in compliance with Turkish national and local legislation and are expected to have a positive impact on Adana municipality, mostly in respect of energy consumption, reduction of air pollution as well as reduction of traffic congestion.
Operation Leader:: General Industries, Transport, Tourism 2
E-mail:: gitt2@bstdb.org