EBRD lends Izmir €125 million to build new metro line
A new metro line in Izmir, Turkey’s third-largest city, will provide safer, more reliable and greener transport for about 500,000 residents in the urban district of Buca. The European Bank for Reconstruction and Development (EBRD) is supporting the first phase of construction with a €125 million loan.

Mayor of Izmir Tunc Soyer said: “Our project will radically solve the traffic problem of Buca, the most congested district of our city. The new metro line will connect with other urban transport links, promote modern, fast, eco-friendly and safe commute, create employment and attract investors.”

“The project will leave a lasting mark on Izmir and we would like to thank the EBRD for its support,” he continued. “Deepening our relations is of great importance to the economies of both Izmir and Turkey. I hope the Bank will continue to provide economic, environmental and technological support for many more investment projects that will benefit the people of Izmir.”