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AIIB & Izmir Metropolitan Municipality to Improve Izmir Metro

Infra News - Published on Fri, 18 Sep 2020

Image Source: Izmir Metro
The Asian Infrastructure Investment Bank and the Izmir Metropolitan Municipality have signed a loan agreement of EUR.50 million to Izmir Buyuk§ehir Belediyesi to extend and increase the capacity, connectivity and efficiency of a metro line in the city of Izmir in Turkey. The Izmir Metro Expansion Phase 4: Fahrettin Altay-Narhdere Kaymakamlik Line Project involves the construction of a new 7.2-kilometer extension with seven stations. It will connect the western districts with the city center to meet increasing demand for high-capacity public transport.

Izmir is the third largest city in Turkey in terms of both population and GDP. Both population and economic growth have increased average mobility rates in the city, creating greater demand for municipal services, including integrated and high-capacity transport. The Izmir Metro extension is in line with the city's Transport Master Plan 2030 to address mass transport needs and provide a cleaner and more efficient alternative to road traffic.

The loan is co-financed with the European Bank for Reconstruction and Development. The project has also received support from the Black Sea Trade and Development Bank and Societe Generale. The project includes underground and civil engineering works (stations, tunnels), electromechanical works (signaling, telecommunications, energy supply, elevators and escalators, environmental control systems) and auxiliary facilities. Total project costs are estimated at EUR300 million.

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Posted By : Yogender Pancholi on Fri, 18 Sep 2020
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