Railway from Bandirma to Osmaneli, Turkey
The Swedish Export Credit Agency (EKN) is considering a guarantee for financing of equipment to the railway project "Bandirma Bursa Yenisehir Osmaneli High Standard Railway Project" (BBYO). The owner is the Republic of Turkey Ministry of Transport and Infrastructure, Directorate General of Infrastructure Investments (AYGM).
The project includes a 201 km long new railway line in northwestern Turkey, between the cities of Bandirma and Osmaneli. The project will integrate industry and passengers to the high-speed line between Istanbul and Ankara.
The project has a preliminary classification as category A. The key potential social and environmental impacts of the project relate to biodiversity, land acquisition and resettlement, as well as cultural heritage. The project's environmental and social impact assessment (ESIA) can be found in the following web link:
EKN conducts Environmental and Social (E&S) due diligence of the project based on the existing ESIA. EKN is engaged in close dialogue with involved parties to ensure that risks are managed in line with international standard.
The information was published on EKN's website www.ekn.se on 24 June 2021. Comments on the transaction can be submitted within at least 30 days. This publication follows the OECD Recommendation on Common Approaches for Export Credit Institutions, the so-called "Common Approaches".
Web page last updated 28 Jun 2021