Turkiye Small Industrial Estates Reconstruction and Regional Economic Recovery Project (WB-P502837)

Countries
  • Turkiye
Geographic location where the impacts of the investment may be experienced.
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
Approved
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
Jul 29, 2024
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 Turkey - Ministry of Industry and Technology, Directorate General of Industrial Zones
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Industry and Trade
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)
$ 600.00 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)
$ 600.00 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
Media Documents
Primary Source

Original disclosure @ WB website

Updated in EWS Oct 7, 2024

Disclosed by Bank Dec 15, 2023

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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.

According to the Bank’s website, the development objective of the Small Industrial Estates Reconstruction and Regional Economic Recovery Project for Türkiye is to support the restoration and sustainability of micro, small, and medium enterprises (MSME) operations in the earthquake-affected provinces through building resilient and low-emission small industrial estates (SIEs). The project comprises of two components. The first component, construction of resilient and low-emission SIEs will finance the construction of approximately 1,600 workshops within seven new SIEs, which will then be sold to eligible MSMEs. The second component, technical assistance and project management will provide technical assistance and capacity building to key stakeholders, including Ministry of Industry and Technology (MoIT), beneficiary MSMEs, SIE sites management, and others. It consists of the following sub-components: (i) project management and support for the Project Implementation Unit (PIU); and (ii) technical assistance and capacity building for MoIT, SIE site management teams, and MSMEs.

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

Both the environmental and social risks are assessed as “Moderate” due to nature of activities and the urban or semi-urban setting where the activities will be undertaken. The key environmental risks at construction stage include potential adverse impacts due to dust and noise generation, vehicle and machines emissions, generation of construction waste, hazardous material and waste including oil, grease, hydrocarbons as well as Occupational Health and Safety (OHS) issues, including traffic management and safety of local population. In most cases the impacts are limited to direct physical project area and could not have a wider impact. The key social risks include land use related impacts, management of labor (e.g., non-compliance with laws, exploitation of labor, health and safety risks, labor influx), social exclusion (of targeted beneficiaries, especially the vulnerable groups), social tensions, community health and safety and Sexual Exploitation and Abuse and Sexual Harassment (SEA/SH) risks.

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

A proposed loan in the amount of EUR553 million (US$600 million equivalent).


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.

World Bank

Stefka Slavova
Lead Economist

Ali H. Abukumail
Senior Private Sector Specialist

Borrower/Client/Recipient

Ministry of Treasury and Finance (MoTF)
Tevfik TURKERI
Head of Department
ozgur.turkeri@hmb.gov.tr

Implementing Agencies

Ministry of Industry and Technology (MoIT), Directorate General of Industrial Zones
Cihan DEMIRKOPRULU
Head of Department
cihan.demirkoprulu@sanayi.gov.tr

ACCESS TO INFORMATION

To submit an information request for project information, you will have to create an account to access the Access to Information request form. You can learn more about this process at: https://www.worldbank.org/en/access-to-information/request-submission

ACCOUNTABILITY MECHANISM OF THE 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. Information on how to file a complaint and a complaint request form are available at: https://www.inspectionpanel.org/how-to-file-complaint

How it works

How it works