EIB gives strong support of EUR 718 million for transport, energy and the environment in Turkey

The European Investment Bank is providing today a EUR 718 million strong support for rail transport, electricity distribution as well as energy efficiency and renewable energy in Turkey. The support is in the form of different lending facilities, with the Undersecretariat of Treasury in favour of the Turkish State Railways (TCDD), with the Turkish Electricity Distribution Corporation (TEDAS), and with the main Turkish development banks Türkiye Sinai Kalkınma Bankası (TSKB) and Türkiye Kalkınma Bankası (TKB).

The contracts were signed by EIB Vice-President Mr Matthias Kollatz-Ahnen, Undersecretary of Treasury Mr İbrahim H. Çanakcı, TEDAS Chairman and General Manager Mr. Haşim Keklik, TSKB Member of the Board of Directors and CEO Mr. Halil Eroğlu and TKB Chairman and CEO Mr Abdullah Çelik.

The investment schemes will contribute to combating climate change through a reduction in the emission of greenhouse gases and to substitute more carbon-intensive energy sources.  Other schemes will focus on industrial pollution abatement, thus generating environmental benefits through improved quality of air, water and land resources.