EIB approves EUR200 million loan for Istanbul tunnel project

This is the first tranch of a larger facility of up to EUR650 million approved by the EIB for the tunnel. Financing under this facility will be phased over the period of the project’s construction.

Located in metropolitan Istanbul, the rail link also provides for a mass transport system for the city’s 11 million inhabitants. With a total length of 76.53 kilometers, the project includes the construction of 13.56 kilometers of double track tunnel (of which 1.35 kilometers is undersea), improvements to the two existing radial lines with an addition of a third track on a length of 62.97 kilometers, 40 stations, connections with other transport networks and rolling stock.