Istanbul Seismic Risk Mitigation and Emergency Preparedness Project - ISMEP III
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Approval date
21 November 2019
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Borrower
Government
- Country
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Loan size
€ 100 000 000
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Line of action
Sustainable and inclusive growth
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Status
In progress
A €100 million project loan will part-finance the reconstruction and retrofitting of public schools and hospitals as well as project management costs under the Istanbul Seismic Risk Mitigation and Emergency Preparedness Project (ISMEP).
Final beneficiaries are the inhabitants of Istanbul, in particular the most vulnerable, whose lives are under constant threat of possible future earthquakes. More than 50 thousand children, students and teachers are expected to benefit directly from the present loan.