IBRD Loan: US$240 million equivalent
Terms: Maturity = 30 years; Grace = 5 years
Project ID: P110770
Project Description: The additional financing provides resources for expanding the scope of the project from the original eleven municipalities and utilities to fifteen with new investments in Beypazarı, Istanbul, Kayseri, and Kırşehir. In addition, three of the original eleven municipalities, Antalya, Denizli, and Mersin, will scale up already ongoing activities. The additional resources will help finance the development of municipal infrastructure to expand and improve the water, wastewater, and solid waste management services in the participating municipalities. They will also provide support to municipalities and to Iller Bank in the management of municipal investments.