Sustainable Cities Project 2 (WB-P161915)

Regions
  • Europe and Central Asia
Where the impacts of the investment may be experienced.
Countries
  • Turkey
Where the impacts of the investment may be experienced.
Specific Location
Antalya and Mugla
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
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
U
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
Apr 12, 2018
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
ILLER BANKASI ANONIM SIRKETI
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • Energy
  • Finance
  • Infrastructure
  • Transport
  • Water and Sanitation
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 91.54 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)
$ 92.54 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ WB website

Updated in EWS Aug 3, 2018

Disclosed by Bank Oct 19, 2017


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Project Description

This project provides financing to Ilbank for investments in municipal infrastructure investments. This includes financing goods, works, non-consulting and consulting services in the public transport, water and sanitation, solid waste management, and energy sectors. According to Bank documents, these sub-projects fall into both Category A and B risk ratings, and may include land acquisition and economic displacement.

At the time of project appraisal, Antalya MM and Mugla MM were selected to participate in this project. 

Investment Description
  • World Bank (WB)
Private Actors
Contact Information

World Bank
Soraya Goga
Lead Urban Specialist

Joanna Mclean Masic
Sr Urban Spec.

Borrower/Client/Recipient & Implementing Agencies
ILLER BANKASI ANONIM SIRKETI
Necla Ackca
Project Manager
nakca@ilbank.gov.tr

ACCOUNTABILITY MECHANISM OF WORLD BANK
The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.