AIIB Watch Cases

Status: Proposed
Timeframe: 2020- ?
Area: Izmir, Turkey
AIIB Investment Amount: EUR 125 million
Total Project Cost: EUR 650 million
Co-financier:  EBRD, AFD and other lenders

E&S Category: B

Project details:
The project involves building a new 13.4 km metro line (M2) in Izmir, connecting central areas to a heavily populated district. It aims to ease traffic by offering efficient public transport, includes 11 stations and interchanges with existing lines, and will take about 4 years to complete.
 

Project Concerns: 
Construction impacts are expected around new stations, with measures outlined in the Environmental and Social Action Plan (ESAP) to address concerns such as temporary disruption to local businesses, occupational health and safety, cultural heritage preservation, and waste management. The project is not anticipated to affect biodiversity or nature reserves.

The Environmental and Social Action Plan (ESAP) for this phase is not finalized, and it is unclear if it is in preparation. At present, they are referring to an Action Plan developed for the previous phases of the project. 

Further information: 
AIIB Project Description
EBRD Project Description 

Last update: 07.02.2024