Marmaray (commuter rail upgrading)
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Approval date
25 September 2020
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Borrower
Government
- Country
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Loan size
€ 150 000 000
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Line of action
Inclusive growth
Environmental sustainability -
Status
In progress
An additional loan request of €150 million for an increase of LD 1558 (2006) to a total amount of €537.1 million to part-finance projects related to the upgrade of the existing commuter and high-speed intercity railway system along the Marmara Sea.
Final beneficiaries will be the inhabitants of Istanbul and, in particular, approximately 1 million daily users of public transport, who will benefit from a modern, safer and faster public transit system, reduced traffic congestion and related air pollution, as well as the increased overall accessibility to urban public transport.