ISMEP V- Seismic Risk Mitigation for Public Facilities
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Approval date
13 June 2025
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Borrower
Government
- Country
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Loan size
€ 230 000 000
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Line of action
Promoting Inclusive and Resilient Living Environments
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Status
In progress
A Project loan to partially finance eligible investments to improve Istanbul’s preparedness for a potential earthquake through enhancing the institutional and technical capacity for disaster management and emergency response, strengthening critical public facilities for earthquake resistance, and supporting measures for better enforcement of building codes and land use plans. This loan will specifically finance eligible investments for the reconstruction of two critical public hospitals.
Final beneficiaries: 16 million inhabitants of Istanbul, including more than half a million migrants and refugees, as well as hospital employees and medical staff, who are predominantly women.