3. Airport Treasury Guarantee Not Legal

1. Treasury Guarantee to the Airport is Not Legal: Treasury Undersecretary İbrahim Çanakcı said, “Since DHMİ has the status of SOE, it is not possible for us to undertake debt in the third airport project”.

Treasury Undersecretary İbrahim Çanakcı answered journalists' questions at the ceremony for the additional financing of 200 million Euros from the European Investment Bank (EIB) for the Marmaray Project.

Çanakcı said that the Treasury has been undertaking debt in the first phase of the Eurasia Tunnel and Gebze-Izmir highway project and İzmir The third project we are currently working on is Istanbul 3. The first phase of the bridge project, Köprü he added.

Undersecretary of Treasury Çanakcı, “İstanbul 3. As the state of the contract for the airport project is in the status of State Economic Development Administration (DHMI), it is not legally possible for us to undertake a commitment to undertake debt at the moment. havalim

Çanakcı emphasized that the borrowing authority for public institutions with general budget which does not have borrowing authorization is only for the Treasury and said is Therefore, there is no more natural situation than that of the Treasury. Ç

'DOMESTIC DEBT TRANSLATION MAY BE UNDER OUR PREDICTION'

Çanakcı said that the Treasury's domestic debt rollover ratio, which they predicted to be 86,5 at the beginning of this year, may be below this. . The reason for this is that the budget financing need is less than anticipated, Ç said Çanakcı. The Undersecretary of Treasury said that due to the fall in interest rates, the maturity of the borrowing to be below two years is not in its agenda at the moment. Çanakci, the extension of debt in the general strategy, such as the need to address the issue should be addressed.

2 BILLION EURO FROM THE EUROPEAN INVESTMENT BANK

European Investment Bank Vice-President Pim Van Balleko, said this year they plan to provide about 2 billion euros in funding to Turkey. Çanakcı stated that they anticipate that the loan amount to be used by the public will be just over 1,5 billion Euros.