The EBRD is considering a EUR 88 million loan to Istanbul Metropolitan Municipality for the construction of Atakoy-Ikitelli metro line. The project includes the construction of a line in a total length of 13.4 km including 12 underground stations and depot area as well as electromechanical works of the entire line.
The total value of the project is EUR 338.27 million and the EBRD finance is part of a EUR 338.3 million lending package expected to be co-financed by EIB.
The construction of new metro line is part of the extension of the city’s urban rail network to meet increasing demand. It will help provide frequent and efficient services to Istanbul residents and will be a fast, reliable, comfortable, and environment-friendly alternative to the use of private vehicles.
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