Published: April 6, 2011
Bursa transport project receives €150mn funding.
The municipality of Bursa, an industrial area in Turkey, has secured €150mn to improve its automated light overground rail system.
The European Investment Bank committed €100mn to the package with the European Bank for Reconstruction and Development (EBRD) providing the balance. The EBRD agreed a 15-year senior loan, its first municipal funding in Turkey.
The Light Rail Transit project will provide an extra 30 carriages to its service as well as funding new construction and mechanical works along the network.
The funds will also produce more environmentally friendly transport services, which is part of Bursa’s sustainable transport initiative.
The Bursa light railway operates 48 carriages along a 23km route transporting 160,000 passengers on an average work day.