€ 93 million loan for the Eminönü Alibeyköy tram line



ibb eminonu will receive € 1 million in financial support for the alibeykoy tram line

A preliminary protocol of 93 million euros has been signed between IMM and the French Development Bank for use in the Eminönü-Alibeyköy tram line project. “This financing, which we offer at a very affordable cost compared to national and international markets; Sharing their knowledge “of a total maturity of 2 years, 10 years non-refundable and 12 years refundable, Imamoğlu stressed that their success is the product of a transparent and rational management approach. İmamoğlu announced the good news of the opening of the section of the line between Cibali and Eminönü in December 2022. With the loan to be supplied, 20 trains will be purchased and the remaining 1.1 kilometers of the line will be completed.

Istanbul Metropolitan Municipality (IMM), under the leadership of Ekrem İmamoğlu, accelerated the construction process by resolving funding issues for the Eminönü-Alibeyköy tram line, which the previous administration started in 2016 and did not could not finish on time. The opening of the Cibali-Alibeyköy section, the first stop on the line, took place on January 1, 2021, with the participation of CHP President Kemal Kılıçdaroğlu and IYI Party President Meral Akşener. A preliminary protocol has been signed between IMM and the French Development Bank (AFD), which continues their production for the extension of the line to Eminönü, in order to provide financial support of 93 million euros to the project. in question. The signing ceremony held at the central construction site of the line in Balat, accompanied by a magnificent view of Istanbul; It was held with the participation of the President of the İBB Ekrem İmamoğlu, the Consul General of France in Istanbul Olivier Gauvin and the Executive Director of AFD for operations Jean Pierre Marcelli. IMM senior management was also present at the ceremony with a full staff.

MARCELLI: “WE ARE READY TO COOPERATE WITH IMM POUR MUSILAGE”

Before signing, Consul General Gauvin made the first speech. In his speech, Gauvin expressed his pleasure in contributing to the cooperation between IMM and AFD. After Gauvin, Marcelli and İmamoğlu respectively delivered their speeches. Sharing the knowledge that IMM is the largest recipient of AFD funds after the Turkish state, Marcelli said: “AFD supports the financial autonomy of cities as part of its support for decentralization. AFD has financed 450 IMM transport projects for a total amount of 5 million euros to date. This financial partnership is accompanied by exemplary collaboration between our teams. AFD is also ready to cooperate with IMM in order to find a solution to the “mucilage” crisis in the Sea of ​​Marmara.

İMAMOĞLU: “THE IMPORTANT IS TO CREATE REALISTIC PROJECTS”

Speaking before the signing ceremony, İmamoğlu explained the details of the funding they will provide to AFD: “This funding that we provided at a very affordable cost compared to national and international markets; A total maturity of 2 years, with 10 non-refundable years and 12 years of return on investment ”. “The main thing here is to come up with realistic, well-planned projects with a seriousness in line with the understanding of the local government,” said mamoğlu, “At the same time, to adopt a transparent and rational management approach. So our success today is to find profitable financing with this competent understanding. I also thank AFD for this cooperation. Emphasizing that Istanbul is one of the most valuable parts of Europe in all respects, İmamoğlu said: “We have to make sure that every investment made by Turkey, which is an important part of Europe, will be well. understood in accordance with universal values, and in this sense, we must create a good ground for cooperation is essential, ”he said.

“THE REST OF THE LINE WILL BE OPEN IN DECEMBER 2022”

Recalling that they opened the first part of the line, consisting of 9 kilometers and 12 stations, on the first day of 2021, İmamoğlu said: “With the need for financing resolved in a short time, the construction works between Cibali- Eminönü, which consists of 1.1 kilometers and 2 stations, continue without hesitation. This section is planned with the reconstruction of the Unkapanı Bridge junction and the development of Eminönü Square. We aim to open the rest of the line in December 2022 ”. Emphasizing that with the complete completion of the project, the historical heritage and natural texture of the Golden Horn will regain its true value, İmamoğlu shared the following information:

“When the tram line is fully operational, around 150,000 people living around the line will have easier access to the sustainable transport network. It will serve around 80,000 people per day. Thanks to the project, 30 tonnes of carbon dioxide emissions will be saved each year over 11,500 years. We also expect our line to increase women’s mobility and support the elimination of gender inequalities by providing safe, quality and accessible travel. With the extension of the line to Eminönü, we expect that this line will create a very important tourist axis with the attraction created by the landscape project of the Golden Horn and will contribute to the increase of the quality of life in all the region.

After the speeches, a preliminary protocol was signed between the parties. İmamoğlu, Gauvin, Marcelli and their accompanying delegation posed for a souvenir photo on the shores of the Golden Horn.

HOW WILL IMM USE THE FUNDING?

The funding, amounting to € 93 million, will be used for the construction of the Eminönü-Alibeyköy tram line project and the installation of electromechanical systems. With the loan to be supplied, 20 trains will be purchased and the remaining 1.1 kilometers of the line will be completed. The tram line will provide a higher quality, efficient, low carbon and environmentally friendly alternative to the bus, minibus and car transport lines that currently run along the coast of the Golden Horn. When the tram line is considered in conjunction with coastal planning, quality urban development will contribute to the entire territory. Thanks to the project, the annual quantity of carbon emissions (CO30) that will be saved in 2 years will be 11,500 tonnes.

WHAT ARE AFD’S FIELDS OF ACTIVITY?

AFD is a public establishment which implements France’s development and international solidarity policy. AFD teams; It is involved in more than 115 projects with high social and environmental impact in 4,000 countries on issues such as climate, transport, biodiversity, peace, education, urban planning, health and governance. AFD thus contributes to the sustainable development objectives of cities.



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