March 12, 2014

Financing agreed for Izmir light rail lines

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IZMIR Metropolitan Municipality has signed a €165m financing agreement with international lenders for the construction of two new light rail lines, which will serve the districts of Konak and Karsiyaka.

The International Finance Corporation (part of the World Bank) is lending €55m for the project, and co-ordinating a further €110m in financing from the French Agency for Development (AFD) and Dutch banking group ING.

The Karsiyaka line will be 16.6km long with 19 stations, while the 9.7km Konak line will have 16 stations.

A total of 38 LRVs will be required to operate services on the two lines.


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