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Istanbul Kadikoy-Kartal Metro

Türkiye | Industrials

Identification Code:: OP/08/0699
Total Operation Cost:: 526.000.000 EUR
Maturity:: 120 months
Operation Status:: BSTDB Approved Amount – Approval Date

50.000.000 EUR – 21 Apr 2008
: BSTDB Signed Amount – Signed Date

50.000.000 EUR – 13 Jun 2008
: Status:
Completed
Description and Purpose of the Operation:: BSTDB participates in the financing of the construction of a double track system metro line on the Asian part of Istanbul. The system will enhance the effectiveness of the metro infrastructure of the city of Istanbul providing a convenient and fast access to the European Side and the metro system of Istanbul.
Countries of Operation:: Türkiye (100,00%)
Financial Product:: Loans
Sector:: Industrials
Domain:: Public
Borrower/Client:: Istanbul Metropolitan Municipality
Co-Financers/Participants:: SACE Export Credit Agency, ABN AMRO BANK N.V., BIIS -BANCA INFRASTRUTTURE INNOVAZIONE E SVILUPPO S.p.A, CALYON, DEPFA BANK plc DENIZBANK A.S. , BAHRAIN BRANCH, Fortis Bank S.A./N.V. - Succursale in Italia, Societe Generale, MCC - Mediocredito Centrale S.p.A. (UNICREDIT GROUP), WestLB AG, London Branch
Guarantors/Sponsors:: —
Developmental and Regional Cooperation Impact:: The socio-economic benefits of this operation include improvement of the rate of traffic accidents, fuel consumption and traffic jams, as well as a decrease of urban land use for the purposes of building new roads, junctions, car parks, etc.
Environmental Classification and Impact:: In compliance with applicable legal EH&S requirements. The project will significantly decrease the urban air pollution levels, noise, as well as traffic congestions and rate of accidents.
Operation Leader:: General Industries, Transport, Tourism 2
E-mail:: gitt2@bstdb.org