Izmir Metropolitan Municipality

Izmir Metropolitan Municipality - ECA Backed Loan

Borrower (s)
Industry
Other/Government finance
Area of finance
Export & Agency Finance
Country
Turkey

Deal Overview

ING Bank provided a credit facility to Izmir, in parallel with IFC, EBRD and AFD, for financing the procurement of 85 railcars to be used in the light rail system of Izmir. This financing follows last year’s financing of two new tramway lines on opposite sides of the Izmir Bay in Konak and...

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ING Bank provided a credit facility to Izmir, in parallel with IFC, EBRD and AFD, for financing the procurement of 85 railcars to be used in the light rail system of Izmir. This financing follows last year’s financing of two new tramway lines on opposite sides of the Izmir Bay in Konak and Karsiyaka districts. Both financings facilitate the metropolitan’s medium- to long-term transportation strategy towards efficient modes to manage growing traffic congestions. The tramways and railcars complement the sea transportation and traffic management project financed in 2013 by ING and multilaterals. Izmir aims to create a more functional 

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Deal Volume
$ 81.2m
Financial Close
18 June 2015
Sources
Submitted by participant(s)

All Dealmakers

Bart Ponsioen

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Alexander Franke

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Oliver Roth

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