PROJECT

Projects

Environmental & Social Review Summary

Project Number

27309

Company Name

METROPOLITAN MUNICIPALITY OF ISTANBUL

Date ESRS Disclosed

Aug 5, 2008

Country

Turkiye

Region

Central Asia and Turkiye

Last Updated Date

Jun 3, 2021

Environmental Category

B - Limited

Status

Completed

Previous Events

Approved : Sep 11, 2008
Signed : Sep 25, 2008
Invested : Jul 3, 2009

Sector

Transit and Ground Passenger Transporation

Industry

Infrastructure

Department

Gbl Infrastructure & Natural Resources

Project Description

The proposed transaction is a EUR 50 million senior loan to Metropolitan Municipality of Istanbul (MMI) in Turkey to help finance a EUR 751 million investment for construction of Phase-2 (remaining civil works and electromechanical systems) of the 22 km long Kadikoy-Kartal metro rail line on the Anatolian (Asian) side of Istanbul, including 16 metro stations. The project will help reduce travel times and improve mobility along one of the most congested traffic corridors on the Anatolian side of Istanbul by providing a clean, safe and efficient mode of public transit. Daily ridership is projected to exceed 350,000.

Construction of Phase – 1 works (approximately 18 km of tunneling and concrete works) costing about $180 million is being implemented by IETT (Istanbul Electric Tramway and Tunnel Directorate) using its own resources. The construction contract for Phase-1 was awarded to a consortium of firms led by Yapi Merkezi in 2005 and is expected to be completed by April 2010.

Overview of IFC's Scope of Review

IFC’s review of the proposed investment consisted of a desk review of key documents related to environment, health, safety, labor, cultural property and social issues. The review was complemented by a field visit by IFC’s E&S specialists to the existing metro operations and the construction and maintenance sites of the Phase-1 of the Kadikoy-Kartal metro line, as well as visits to the proposed working sites and alignment for Phase-2.

IFC conducted interviews with managers and key technical specialists from the Metropolitan Municipality of Istanbul (MMI); Yuksel Proje (MMI’s engineering consulting firm); Istanbul Transportation Company (Istanbul Ulasim (IU)), and Astaldi S.p.A (Turkey Branch).

E & S Project Categorization and Applicable Standard

Environmental and Social Mitigation Measures

Stakeholder Engagement