EIB to lend Turkey €185 million
The European Investment Bank (EIB) announced that it would lend Turkey €185 million ($166 million) for reconstruction works in central Anatolia’s Eskisehir province, devastated by the earthquakes in 1999.
Of the that total, €110 million would go to the Eskisehir Municipality for the construction of a new light rail system (LRT) and the rehabilitation of amenities in conjunction with the Porsuk River that runs through the city, an EIB statement said. Eskisehir is a rapidly expanding city of 650,000 people.
Part of these funds will be channeled through the Eskisehir Water and Sewerage Administration (ESKI), for the rehabilitation and extension of water supply, wastewater and storm water infrastructure. The EIB has already financed seven water projects in Eskisehir since 1995. Since 1965, the EIB has contributed nearly two billion euro towards projects in Turkish. — (menareport.com)
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