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Chinese Bank loan 50 million euro for İzmir Fahrettin Altay - Narlıdere subway construction
China's AIIB bank loans 50 million euro to İzmir Municipality. Turkish press say China bank the first time gave credit to a municipality. China bank did not ask for government guaranty for the loan.
İzmir's Fahrettin Altay - Narlıdere subway tunnel is building by GÜLERMAK. Construction goes smooth.
It may be one of very few times a Chinese bank do business in Türkiye.
cover tunnel photo by: Matt Brown from London, England / CC BY
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https://www.aiib.org/en/news-events/news/2020/AIIB-and-the-Izmir-Metropolitan-Municipality-Sign-Loan-Agreement-to-Improve-Transport-Connectivity-and-Urban-Mobility.html
AIIB and the Izmir Metropolitan Municipality Sign Loan Agreement to Improve Transport Connectivity and Urban Mobility - News - AIIB
www.aiib.orgThe Asian Infrastructure Investment Bank (AIIB) and the Izmir Metropolitan Municipality have signed a loan agreement of EUR50 million (approximately USD60 million equivalent) to İzmir Büyükşehir Belediyesi (Izmir Metropolitan Municipality) to extend...