The social development bank for Europe

Istanbul Seismic Mitigation and Preparedness Project IV

  • Approval date

    27 September 2024

  • Borrower

    Government

  • Country

    Türkiye

  • Loan size

    € 330 000 000

  • Line of action

    Promoting Inclusive and Resilient Living Environments

  • Status

    In progress

This project aims to part-finance eligible investments to support the Borrower 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. The loan will partially finance eligible investments under the following components: Component A: Enhancing Emergency Preparedness; Component B: Seismic Risk Mitigation for Public Facilities; Component C: Enforcement of Building Codes; Component D: Project Management.

Final beneficiaries: 16 million inhabitants of Istanbul, including more than half a million of Syrian refugees, and patients from other parts of Türkiye seeking specialised medical interventions.