Early Warning System

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.

Specific Location

Cekmekoy campus in 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

European Bank for Reconstruction and Development (EBRD)

International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.

Project Status

Approved

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

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

Feb 17, 2026

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

Ozyegin University

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Construction
Education and Health

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)

$ 20.00 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)

$ 20.00 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)

$ 28.00 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.

Primary Source

Original disclosure @ EBRD website

Updated in EWS Feb 25, 2026

Disclosed by Bank Feb 23, 2026

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

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.

As stated by the EBRD, the project consists of the development of green-certified, earthquake-resistant student dormitory with c.500 beds within Ozyegin University's existing Cekmekoy campus in Istanbul, Turkiye.

The EBRD's financing will be used for the development of an earthquake resilient modern student dormitory located within the Ozyegin University's campus. The Project strongly aligns with the EBRD Real Estate Strategy 2025-2029, reinforcing priorities such as addressing the housing gap by delivering modern student accommodation and increased resource & energy efficiency.

Istanbul hosted approximately 908,000 undergraduate university students enrolled in various university programmes during the 2024-2025 academic year. Students face a severe shortage of quality housing in Istanbul as state-run dormitories have a limited capacity only being able to serve 30% of the students registered at Ozyegin University can stay at university dormitories. The Project will deliver an additional c.500 beds in an earthquake-resilient student dormitory for Ozyegin University students. The new dormitory will create a safe, inclusive, and academically enriching environment that directly supports student retention and performance.

Investment Description

Here you can find a list of individual development financial institutions that finance the project.

European Bank for Reconstruction and Development (EBRD)

Private Actors Description

A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

As stated by the EBRD, established in 2007 by the Husnu M. Ozyegin Foundation, Ozyegin University is one of the leading non-profit, state-recognized higher education institution based in Istanbul, Turkiye. It offers 71-degree programs across 7 faculties and 3 graduate institutes, serving over c.8,000 students.

As stated on their website, established in 1990, the Hüsnü M. Özyegin Foundation is a private philanthropic organization committed to fostering social and economic progress in Turkiye.

Private Actor 1	Private Actor 1 Role	Private Actor 1 Sector	Relation	Private Actor 2	Private Actor 2 Role	Private Actor 2 Sector
Husnu M. Ozyegin Foundation	Parent Company	Education and Health	owns	Ozyegin University	Client	Education and Health

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.

Client - Ozyegin Universitesi:

Phone: +90 (216) 564 90 00
Website: https://www.ozyegin.edu.tr/tr/
Address: Cekmekoy Kampusu Nisantepe Mah. Orman Sk. 34794 Cekmekoy - Istanbul

ACCESS TO INFORMATION

You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request

ACCOUNTABILITY MECHANISM OF EBRD

The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent.

You can contact the PCM at: pcm@ebrd.com or you can submit a complaint online using an online form at: http://www.ebrd.com/eform/pcm/complaint_form?language=en

You can learn more about the PCM and how to file a complaint at: http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html