News Column

Turkey : IZMIR looks to secure a loan from EBRD to fund acquisition of LIGHT METRO TRAINS

July 24, 2014

IZMIR Metropolitan Municipality is looking to secure a loan from the European Bank for Reconstruction and Development (EBRD) to fund the purchase of additional light metro trains.

Izmir is projecting to invite bids during the third quarter of this year for 17 five-car light metro trains worth Lira 447m ($US 208m) if the loan application is successful.

The city would issue technical assistance tenders for the development of key performance indicators, out-sourcing and development of non-fare revenue; policy; and project procurement and implementation.

Test running is underway on a 5.5km underground extension to the existing 16km light metro line from GÖztepe via Poligon to Fahrettin Altay.

It has also been planned 3 more extensions and Izmir is also constructing two light rail lines totalling 27.3km.

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: TendersInfo (India)

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters