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Ümraniye Göztepe Metro Line – Concluding Additional Loan Agreement by İBB

Ümraniye - Ataşehir - Göztepe Metro Line Route

In order to advance the Ümraniye – Ataşehir – Göztepe metro line project, an additional loan agreement with 75 million Euros value was signed between the Istanbul Metropolitan Municipality (IMM) and the European Bank for Reconstruction and Development (EBRD).

The representative of IMM for signing this contract protocol prepared for loan payment is the President, while Ekrem İmamoğlu and Nandita Parshad, Managing Director of the institution’s Sustainable Infrastructure Group, have been selected for the EBRD.

According to İBB President Ekrem İmamoğlu’s speaking at the signing ceremony: “Previously, we had taken another loan of 175 million Euros for this line, which also included the EBRD, Black Sea Trade and Development Bank Societe General. With the financial support provided on August 27, 2019, we started the work on this line in the fastest way on October 10, 2019. Currently, the progress in our line is at the level of 55 percent. Now, with the 75 million credits we have received at once, we will work hard to put this line into the service of our people as soon as possible. We are planning to open the Ümraniye – Ataşehir – Göztepe metro line in 2024.”

Indicating to that they have intended to introduce Istanbul as a green, fair and creative city since the day they took office, İmamoğlu said:”Being a green city was an important part of the three main axes we set for Istanbul in particular. To achieve this goal, we are taking steps that will add value to Istanbul in many areas, from environmentally friendly, sustainable infrastructure to renewable energy sources, from waste management to transportation. We are working hard to leave a city that breathes, respects nature, and lives with happy people for future generations. In the vision we have created for the future of Istanbul, the role of rail systems is also very important.”

Moreover, the scheduled date for inaugurating the Ümraniye – Ataşehir – Göztepe metro line is 2024.

“Because this metro line is the most important transportation axis of the Finans City project, which is located in this line and is planned to employ approximately 80 thousand people at the same time, and this is the most intense way to achieve our goal. a triggering situation. I sincerely thank the EBRD and its esteemed officials on behalf of the city of Istanbul, on behalf of 16 million Istanbul residents, for their support for the investments in the future of Istanbul and the goal of a sustainable and green city. I would like to thank my dear colleagues for all their hard work. I wish that this cooperation between us will continue to increase, that we will realize many very beneficial projects for Istanbul, one of the largest city in Europe, one of the most important metropolises of the world, and our world together. Of course, I hope to take the right steps together to ensure this. Good luck for our city,” said İmamoğlu.

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