EBRD together with the World Bank's Multilateral Insurance Guarantee Agency ("MIGA") has provided a joint credit enhancement scheme to enable the issuance of the first greenfield infrastructure project bond in Turkey.
Based on the study of abroad experiences in the implementation of these type of contracts, an analysis of the current conditions and capabilities of UAE was conducted and it was found that they are similar to the conditions and capabilities of those countries
The Project alignment length is approximately 14.6 km and consists of a twin deck 2x2=4-lane road tunnel beneath the Bosphorus Strait connecting the European and Asian shores of Istanbul as well as widening of approximately 9 km of existing roads leading to the tunnel.
The EBRD is contributing a ?128.25 million syndicated loan, including a loan of ?72.25 million for its own account, a loan of ?35 million provided by Erste Group Bank AG under the A/B loan structure, and ?21 million in concessional finance funded by Green Energy Special Fund.
The project is initiated under Saudi Arabia?s Vision 2030 and National Industrial Development and Logistics Program (NIDLP) initiatives and is part of the Logistical and Land port infrastructure development program.
PPP-Projects on Federal Highways, 5 Concessions (shadow toll) (2005-2011), 8 Availability-Projects (since 2009), 6 Availability-Projects in tender or pipeline (if efficient), widening from 4 to 6 lanes, mainly brownfield but as well some greenfield sections
The Small Cities Sanitation Programme is a EUR 150 million programme undertaken by the Office National de l’Assainissement, (“ONAS”, the Company”) to build 24 new wastewater treatment plants (“WWTP”) and rehabilitate and upgrade the sanitation network (including 862 kilometres of new primary and secondary networks and construction of 30 new pumping stations) to EU equivalent standards in 33 Tunisian cities of less than 10,000 inhabitants (the “Project”).