Turkey: Istanbul Seismic Risk Mitigation and Emergency Preparedness Project (AIIB-0000319)

Countries
  • Turkey
Where the impacts of the investment may be experienced.
Specific Location
Istanbul
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • Asian Infrastructure Investment Bank (AIIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Dec 12, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Republic of Turkey
The holder of the loan, grant, or other investment.
Sectors
  • Humanitarian Response
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 300.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 300.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ AIIB website

Updated in EWS Feb 28, 2020


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

According to the Bank's document, this project finances structural strengthening of priority public buildings such as schools, hospitals, and other social facilities. The aim of this project is to strengthen Istanbul's resilience against potential eqarthquakes. 

Investment Description
  • Asian Infrastructure Investment Bank (AIIB)
Contact Information

Implementing Agency

K. Gokhan Elgin: Director, ICPU. kgelgin@ipkb.gov.tr

AIIB 

Toshiaki Keicho: Senior Investment Operations Specialist-Urban. toshiaki.keicho@aiib.org