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B&P Advises EBRD on EUR 75 Million Loan to Istanbul Metropolitan Municipality

B&P Advises EBRD on EUR 75 Million Loan to Istanbul Metropolitan Municipality

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Bezen & Partners has advised the EBRD on its EUR 75 million loan to the Istanbul Metropolitan Municipality for the construction of the Goztepe-Atasehir-Umraniye metro line in Istanbul.

"I am delighted to sign the first EBRD Green Cities project in Istanbul, supporting sustainable urban mobility, reducing journey times, traffic congestion, and air pollution, and improving the quality of life of its citizens," EBRD Sustainable Infrastructure Group Managing Director Nandita Parshad commented. "This project also promotes gender and inclusion through a learning program for 400 young people at the Istanbul Metro Company and the development of an Equal Opportunities Action Plan. Istanbul is one of the largest cities in the EBRD Green Cities program of now over 50 cities and we look forward to working on many more projects to support the City’s ambition to make it an even greener and more liveable city."

The B&P team was led by Partner Banu Bolukemini and included Associate Elvin Erbilgin.

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