WorldA 3.5 billion lira loan agreement was signed between ILBANK and JICA...

A 3.5 billion lira loan agreement was signed between ILBANK and JICA to support environmentally friendly projects.


ILBANK Chairman of the Board Ertan Yetim, ILBANK General Manager Yusuf Büyük and JICA Turkey Office President Ikuro Nobuhiro attended the signing ceremony at ILBANK Social Facilities.

ILBANK Chairman Orphan wished mercy to those who lost their lives in forest fires and floods, and a speedy recovery to the injured. Pointing out that İLBANK finances important projects related to infrastructure and environmental investments of cities all over Turkey and provides financing and technical support to local governments, Yetim pointed out that they have added a new loan package to the projects that have been going on for 10 years with JICA on foreign financing. pulled.

Yetim said, “The 3rd loan package of 3.5 billion TL, financed by the Japan International Cooperation Agency and carried out through our Iller Bank, is of great importance for our 9 local governments. It will be implemented in the transportation and disaster risk management sectors, especially in the environmental infrastructure sector. Our 35 projects will make significant contributions to both our 9 provinces and our country.” used the phrase.

Underlining that they are pleased to share ILBANK’s 88 years of experience with local governments in order to build Turkey’s future, Yetim wished the new loan package to be beneficial for Turkey and local governments.

A total of 35 projects will be implemented in 9 provinces

ILBANK General Manager Yusuf Büyük also pointed out that the services they produce in all corners of Turkey are important for the development of cities and protecting the historical and cultural heritage, and stated that they are making investments in harmony with nature.

Explaining that they established water treatment plants, integrated solid waste disposal facilities, increased the number of bicycle lanes, invested in sustainable energy, carried out street rehabilitation works, Büyük underlined that they made a great contribution to the development of cities with the financing and technical support given to local governments.

Emphasizing that the most important supporter of ILBANK, which produces joint projects with many international financial institutions, has always been its Japanese friends, Büyük reminded that the first loan package was signed with JICA in 2011 and the second loan package was signed in 2015.

Büyük said, “Within the scope of the 3rd loan package with JICA, a financing of 3.5 billion liras will be allocated in line with the needs of our provinces in Adana, Ankara, Elazığ, Hatay, Kilis, Konya, Malatya, Mersin and Şanlıurfa, in particular for the environmental infrastructure sector, transportation and It is aimed to implement 35 projects in disaster risk management sectors. he said.

ILBANK General Manager Büyük stated that they aim to continue working with JICA to further increase the project portfolio in the coming period in order to meet the increasing and diversifying needs of local governments.

JICA Turkey Office President Ikuro Nobuhiro emphasized that he is very happy to sign the loan agreement and expressed that the necessity of cooperation on social infrastructure for local governments has emerged.

Ikuro Nobuhiro reminded that Foreign Minister Mevlüt Çavuşoğlu and Japanese Foreign Minister Motegi Toshimitsu also signed mutual official documents regarding the loan today.

After the speeches, the participants signed the loan agreement.

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