PROJECT

Projects

Summary of Investment Information

Project Number

35012

Company Name

Izmir Metropolitan Municipality

Date SPI Disclosed

Nov 4, 2014

Country

Turkiye

Region

Central Asia and Turkiye

Projected Board Date

Dec 8, 2014

Environmental Category

B - Limited

Status

Active

Last Updated Date

Nov 30, 2016

Department

Regional Industry INF MCT

Industry

Infrastructure

Previous Events

Approved : Dec 16, 2014
Signed : Dec 26, 2014
Invested : Dec 15, 2015

Sector

Transit and Ground Passenger Transporation

Project Description

The Project is an IFC A-Loan of up to EUR 20 million to support IMM to purchase 85 railcars for the Izmir Metro system. The investment will provide significant additional capacity to the Izmir Metro system to carry a growing passenger flow, contributing to the City’s ambitious plans to shift a major part of urban transport from road to rail. The railcars will complement the sea transportation, traffic management and the tramway projects recently financed by IFC and other IFIs, with the goal to reduce road congestion and promote alternative environmentally-friendly modes of public transportation in Izmir.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation