Translated version of this PSD: Turkish
The EBRD is considering a €38.5 million loan to Izmir Metropolitan Municipality (‘Izmir’ or the ‘City’). The proceeds will be used for the acquisition of 85 light rail train vehicles at a total cost of €157 million (the ‘Project’).
The procurement of the new light rail train vehicles are part of the extension of the City’s urban rail network to meet the increasing demand and will help provide frequent and efficient services to the citizens that is a fast, reliable, comfortable, and environment-friendly alternative solution to the use of private vehicles.
The project is expected to foster new ways of financing, procuring and operating urban transport infrastructure in line with international best practices. In order to promote an alternative to municipal lending in support of urban transport, the various applications of commercialised approaches and greater private sector participation will be targeted.
The project is also expected to bring economic benefits by reducing street traffic congestion and air pollution by encouraging environmentally friendly urban rail transportation.
Izmir Municipality, the third largest metropolitan area in Turkey with a growing population of nearly 4 million. The procured light rail train vehicles will be operated by the municipal public transport company, Izmir Metro. The Project will be co-financed by the AFD, IFC and a commercial bank under the Multilateral Investment Guarantee Agency (MIGA) coverage.
The Bank will finance up to €38.5 million to Izmir Metropolitan Municipality as part of a €117 million lending package co-financed by other IFIs and a commercial bank.
Technical, financial, and environmental and social due diligence is being carried out for the Project (€115,000 in total). This technical co-operation is funded from the EBRD’s internal resources.
Additionally, procurement support to support the city for the application of EBRD procurement policy and rules will be carried out (€74,000), to be funded by the Government of the Slovak Republic.
In the post signing stage three technical co-operation assignments are foreseen:
(1) Development of key performance indicators for Izmir Metro to drive operational efficiency as well as the identification of strategies to further outsource certain activities of the operator (€200,000), to be financed by an international donor or the Bank’s Shareholder Special Fund (“SSF”);
(2) Policy dialogue support to identify best practice approaches to commercialize urban transport in Turkey, including seminars with urban transport operators, municipal and ministry representatives in Izmir and the neighboring cities. This will also include the analysis for the development of a municipal bond product to be issued in the Region (€350,000), to be financed by an international donor or the SSF;
(3) Procurement and implementation support to include the organization of a transparent procurement process for the light rail train fleet as well as assistance with technical acceptance of vehicles, spare parts, documentation and training (€295,000), to be financed by an international donor or the SSF.
For business opportunities or procurement, contact the client company.
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
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