Municipal Services Project in Turkey

Iller Bank has received a loan from the World Bank for the Municipal Services Project and has allocated a portion of this credit to the General Directorate of ASAT (hereinafter it is referred to as “Sub-Borrower”/“Employer”) for financing the “Antalya Sewerage System Construction and Potable Water Network Rehabilitation Project.” The Sub-Borrower intends to use a portion of the loan for appropriate payments, as per the provisions of Sub-Loan Agreement, under Construction of Sewerage Collection Mains and Water Networks with House Connection in Varsak West, (Contract No. ASAT W10/A42-R).