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LOANS & CREDITS May 24, 2019

Turkey Sustainable Cities II Additional Financing Project

WASHINGTON, May 24th, 2019 - The World Bank's Board of Executive Directors today approved the Sustainable Cities Project II - Additional Financing project.

Turkey IBRD Credit: EUR 500 Million ($560.6 Million equivalent)

Terms: Maturity=30-year;  Grace=5 years

Project ID: P170612

Project Description: The project is a part of a greater program which aims to improve the economic, financial, environmental, and social sustainability of Turkish cities by enabling interested municipalities to access financing for their priority investments and to deliver improved services to their citizens.