Ozyegin University is owned by Husnu M. Ozyegin Foundation, which was founded in 1990 by Mr. Husnu Ozyegin (the Sponsor) as a private foundation dedicated to improving the lives of individuals through social investments in education, health, cultural heritage and rural development. The Sponsor has also founded Fiba Group in 1987, which houses about 40 companies operating in financial services, real estate, energy, retail, port management and shipping industries, which are consolidated under Fiba Holding A.S. and Fina Holding A.S. Fiba Group companies are the sole benefactor of Husnu M. Ozyegin Foundation.

The Project is expected to cost more than US$100 million, the second phase of which is expected to be completed by August 2012. IFC’s proposed investment consists of an A-Loan of up to US$35 million for IFC’s own account.

42.50 million (USD)

Product Line	IFC Investment (million USD)
Risk Management
Guarantee
Loan	42.50
Equity

* These investment figures are indicative

The Campus site is located in Cekmekoy, on the Anatolian side of Istanbul.

(i) Incerased access to higher education.
(ii) Through its focus on enterprenurial research and application and industry-oriented education, support its students in establishing the SMEs of the future or taking their place in the work force with the right skill sets.
(iii) Create a demosntration effect by being the first environmentally friendly university campus in Turkey, with international accreditation.
(iv) Create a center of excellence for computational finance, enterpreneurship and energy efficiency through its research centers.

- Provide long-term financing to support the campus investment
- Help strengthen financial and operational discipline in the University
- Share IFC''s global knowhow and network to contribute to the University''s aim to become a high quality education institution and a center of excellence.
- Provide guidance on high standards of quality, corporate governance, and environmental and social considerations, which the University gives high importance to.

This is a category B project according to IFC’s Procedure for Environmental and Social Review of Projects. A limited number of specific environmental and social impacts may result from the Project and can be avoided or mitigated by adhering to generally recognized performance standards, guidelines or design criteria. Key environmental and social issues reviewed during the appraisal include structural design and safety; life and fire safety; human resources policy and practices; community health, safety and security; emergency preparedness and response; hygiene and sanitation management; energy efficiency; conservation of water and other resources; land acquisition and engagement with communities. Ozyegin University has provided information on its current practices and policies that seek to address environmental and social risks and impacts to ensure that the proposed project complies with or, will upon implementation of measures agreed upon as part of IFC’s Investment documents, comply with host country laws and regulations and IFC''s Performance Standards (PS). The appraisal concluded that any impacts will be limited, site-specific and can be addressed by adhering to generally recognized performance standards, guidelines or design criteria. Therefore, this is a Category B project according to IFC’s Environmental and Social Review Procedure. Ozyegin University Campus in Cekmekoy is designed under green building principles to become the first university campus in Turkey with Gold Level LEED certification. Leadership in Energy and Environmental Design (LEED) certification provides independent, third party verification that a building is designed and built using strategies aimed at achieving high performance in key areas of human and environmental health: sustainable site development, water conservation, energy efficiency, materials selection and indoor environmental quality.

IFC’s review of this investment included a visit to the University''s existing operational buildings in different locations and to the construction site at Cekmekoy, istanbul. Further information of IFC’s environmental and social review of this proposed investment can be found in the Environmental and Social Review Summary (ESRS), which is also available on IFC’s website at http://www.ifc.org/projects.

Please refer to the related Environmental and Social Review Summary (ESRS) document for this project.

Please refer to the Environmental and Social Action Plan (ESAP) tab in the related Environmental and Social Review Summary (ESRS) document for this project.