IMM Borrowed 61 Million Euros for Eminonu-Alibeykoy Tramway

Istanbul Metropolitan Municipality decided to borrow 61 million euros for the construction of Eminonu-Alibeykoy Tramway.

SözcüAccording to the report of Özlem GÜVEMLİ from, Eminönü-Alibeyköy Tram line was tendered with a price of 152 million 998 thousand 679 euros + VAT. Within the scope of the loan agreement, 100 million Euros of financing was provided with Intesa Sanpaolo Bank, including insurance premium. The European Side Rail System Directorate applied to IMM for the demand of “domestic borrowing” of the remaining 61 million Euros + insurance premium of the contract value, excluding insurance premium, in order to keep the targets intact. It was asked to authorize IMM President to decide on this issue, to determine the time, amount and conditions of borrowing and to show collateral if necessary. The request was cast at the session of the IMM Assembly on 11 July. The Plan and Budget Commission will be granted the authority of the IMM to make the domestic loan for the remaining 61 million Euros + insurance premium of the contract for the Eminönü-Alibeyköy tram line, which is included in the IMB's investment program of the IMM Financial Services Department Finance Directorate. found fit. The decision was accepted by the votes of the members of the AKP against the CHP's rejection.

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