Turkiye: Green Industrial Zone Development (AIIB-001068)

Regions
  • Europe and Central Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • Turkiye
Geographic location where the impacts of the investment may be experienced.
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
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Jan 1, 2027
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Government of Turkiye
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Construction
  • Energy
  • Industry and Trade
  • Infrastructure
  • Water and Sanitation
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 250.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 250.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 500.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ AIIB website

Updated in EWS Apr 10, 2026

Disclosed by Bank Mar 27, 2026

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the AIIB, the project development objective is to improve the environmental performance and competitiveness of Organized Industrial Zones in Turkiye through enhanced wastewater management, resource efficiency, and green and climate-resilient basic infrastructure.

Turkiye's OIZs face tightening environmental standards, water stress, and infrastructure gaps that constrain environmental compliance, expansion, and competitiveness. Shortcomings in wastewater treatment and basic supporting infrastructure limit operational efficiency and resilience. Addressing these constraints is essential to sustain industrial growth, safeguard competitiveness, and support Turkiye's green industrial transition.

The Project supports the Government of Turkiye to improve the environmental sustainability and operational competitiveness of OIZs through targeted investments in (i) wastewater treatment and water reclamation systems, and (ii) essential supporting green infrastructure. The latter includes, as appropriate, domestic and process water networks, sewage lines, stormwater drainage systems, electricity distribution networks, natural gas networks, and telecommunications infrastructure. Climate-resilient design and green features, such as energy-efficient measures, renewable energy integration, and nature-based solutions will be incorporated where appropriate. Investment will support the development, upgrading and expansion of necessary infrastructure.

The Project is structured as a parallel financing operation with the Islamic Development Bank (IsDB), under a coordinated nation-wide program led by the Ministry of Industry and Technology (MoIT). AIIB and IsDB will finance separate groups of OIZs under their respective policies and procedures.

The Project is organized along the following components:

  • Component A: Investment in Wastewater and Water Reclamation Facilities (USD 190 million)
  • Component B: Investment in Green and Climate-Resilient Basic Infrastructure (USD 55 million)
  • Component C: Project Management (USD 5 million)
Investment Description
Here you can find a list of individual development financial institutions that finance the project.

As stated by the AIIB, IsDB is expected to provide parallel financing of approximately USD250 million to support a different group of OIZs under the same government-led program.


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

AIIB Team Leader:

Mr. Nat Pinnoi - Senior Investment Officer
Email: nat.pinnoi@aiib.org

Borrower - Government of Turkiye:

Mr. Kerem Donmez - Director General, General Directorate of Foreign Economic Relations
Email: kerem.donmez@hmb.gov.tr

Implementing Agency - Ministry of Industry and Technology:

Ms. Esma Meric Mericli Tasan - Head of Department, International Programmes and Funding Directorate
Email: esmameric.mericlitasan@sanayi.gov.tr

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.aiib.org/en/contact/information-request/index.html

ACCOUNTABILITY MECHANISM OF AIIB

The AIIB has established the Accountability Mechanism for Project-Affected People (PPM). The PPM provides Òan opportunity for an independent and impartial review of submissions from Project-affected people who believe they have been or are likely to be adversely affected by AIIBÕs failure to implement the ESP in situations when their concerns cannot be addressed satisfactorily through Project level GRMs or AIIB Management processes.Ó Two or more project-affected people can file a complaint. Under the current AIIB policy, when the bank co-finances a project with another development bank, it may apply the other bank's standards. You can refer to the Project Summary Information document to find out which standards apply. You can learn more about the PPM and how to file a complaint at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/how-we-assist-you/index.html

The complaint submission form can be accessed in Arabic, Bahasa Indonesia, Bengali, Chinese, English, Tagalog, Hindi, Nepali, Russian, Turkish, or Urdu. The submission form can be found at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/submission/index.html

How it works

How it works