Izmir Metropolitan Municipality has decided to borrow 450 million TL for metro and rail system projects and electric bus purchases.
The studies carried out by İzmir Metropolitan Municipality for urban transportation routes and infrastructure projects are ongoing. The municipality management, which decided to borrow investments that put a heavy burden on the municipality's financial structure, demanded credit.
Accordingly, it has been stated that a cash loan of up to 50 million Euros is needed from the Asian Infrastructure Investment Bank (AIIB) and/or OPEC International Development Fund (OFID) to be used in the Fahrettin Altay – Narlıdere Engineering School Light Rail System Line Project. If the decision is passed by the parliament, providing and using the loan, making the borrowing, determining the loan repayment conditions, making changes on the loan agreements and giving the necessary guarantees and guarantees for the loan to be used, and drawing up or signing all kinds of contracts, undertakings, protocols and assignment agreements related to these works. , Izmir Metropolitan Municipality Mayor, in order to be able to act individually in all kinds of correspondence related to the loan. Tunç Soyerwill be authorized.
In addition, ESHOT General Directorate stated that they needed 400 million TL or equivalent foreign currency cash loan to use for 20 bus purchases within the scope of the Electric Bus Purchase (62 units) Project. The decision was made to grant the same signing authority to President Soyer.
Due to the investment that İzmir Metropolitan Municipality will make for the purchase of rail systems and buses, the loan amount will reach 450 million TL in TL.
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