Turkey, an emerging power in the Euro-Mediterranean region, is experiencing remarkable economic and social development. With a population of 75 million inhabitants and per capita income at USD 10,000, Turkey has climbed to 17th position among the world’s economic powers. The country is a member of both the OECD and “G20” Economic Forum, a candidate for EU membership, and plays a key role between Central Asia, the East and the West.
In order to meet challenges posed by employment, energy and the environment, together with marked regional disparities, Turkey has embarked on a path of more inclusive and low-carbon growth, fully integrating the place of people in society. Turkey ratified the Kyoto Protocol in 2009; it has defined a strategy to combat climate change and renewed its commitment to sustainable development at the United Nations Rio+20 Conference.
Cooperation between France and Turkey is based on a long-standing relationship, close consultation on the major issues on international and regional agendas, and significant levels of trade. A framework agreement on bilateral cooperation for environmental protection was signed in 1996. AFD has been directly contributing to this bilateral cooperation, which concerns the major issues of common interest for the sustainable development of our economies and societies, since it opened an agency in the country in 2005.
Photo © Fotolia
Aziz Kocaoğlu, Mayor of the Metropolitan Municipality of Izmir, and three financial institutions have signed credit agreements for the financing of the "Sea Transportation Project" in the presence of high level representatives of each lender. This project is part of a broader urban transport program materialized in the city’s transport master plan (2010-2030) which paves the way for a low carbon urban development.
An innovative borrowing model for metropolitan municipalities…
The Sea transportation Project involves purchasing of new ferryboats and the improvement of the wharves’ capacity. Within the framework of the parallel lending coordinated by the International Finance Corporation (IFC), Agence Française de Développement (AFD) and ING are financing the purchase of 15 new and more performing passengers ferryboats to replace most of the old existing fleet for respectively 45M€ and 32.8M€. European Bank for Reconstruction and Development (EBRD) supports the purchase of 3 vehicle ferryboats, the construction of new wharves, and a repair facility up to 33M€.
.. and an essential step towards integrated urban transport
This project is part of a global transport program which aims to develop a sustainable urban development. It will relieve the ground transport which has become saturated and will contribute to an improved urban productivity of the city with a more dense public transport network. The urban services will hence be improved thanks to a better access to public facilities located on either side of the city’s bay which will encourage both a better distribution of urban activities on the entire agglomeration, and ease access to the city historical center for residents living in the outskirts of the bay.
The Sea Transportation Project will offer an alternative solution to the use of private vehicles with a fast, reliable, comfortable, and environment-friendly maritime public transport network. The implementation of the project should allow avoiding Greenhouse Gas (GHG) emissions up to 55 kiloton’s of CO2, as the new carbon fiber made catamaran ferries for passenger’s transportation will be twice as fast as the old ships currently used for half less fuel consumption.
from left to right: Jean-Patrick MARQUET (EBRD), Guy ELLENA (IFC), Aziz KOCAOGLU (Mayor of Izmir), Laurent DURIEZ (AFD) and Bart PONSIOEN (ING)
Ms Laetitia Dufay, Deputy director of AFD Istanbul, held a speech at the Sustainable Finance Forum organized on the 3rd of May by UN global Compact, UNEP Finance Initiative and the Turkish Business Council for Sustainable Development. Her speech was in the international panel and focused mainly on the introduction to AFD’s work on development of energy efficiency and corporate social responsibility in the framework of the banking sector.
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A workshop on the protection of sources of drinking water was held in Ankara on 28 and 29 January, under the auspices of the Turkish Ministry of Forestry. AFD has participated in the organization of this event alongside the World Bank.
More than 100 participants composed of representatives of municipalities, academics, managers from different departments working on water actively participated in the workshop. Were studied law and current practice in Turkey and in the light of the presentations made by international experts made proposals for institutional change for Turkey. International experts presented different aspects of water management in the United States, the Netherlands, Germany, Spain and France.
The Metropolitan Municipality of Istanbul (MMI) and the French Agency for Development (AFD) have signed an agreement for the partial financing of a component of the Taksim-Yenikapi metro line extension. Being part of a global low-carbon transport network development strategy of the city to encourage urban mobility, this metro line will reach the Yenikapi multimodal station. Archeological excavations discovered during the works will also be valorized. This project constitutes moreover an opportunity to enhance the technical cooperation with the City of Paris which could be followed by further common projects.
On Monday the 21st of January 2013 the Metropolitan Municipality of Istanbul (MMI) and the French Agency for Development (AFD) have signed a credit agreement for the southern extension of the M2 Metro line project between Taksim and Yenikapi in the presence of the French General Consulate, and of a delegation of the City of Paris. This project is part of a broader rail transport system program including different components: the construction of three new metro stations, a bridge for crossing the Golden Horn, and the electro-mechanical system works which will partially be financed by AFD. This extension of 5.2 km complements the M2 metro line which will increase the total length up to 19.6 km. The cost of the Program is 524 M€ out of which AFD will finance 45 M€ (equivalent to 58 MUSD).
An Important Step in an Integrated and Low-carbon Public Transport Network
The extension of this metro line constitutes a significant step in improving the city’s low carbon and integrated public transport network. It is also an essential component of the anticipated Yenikapi multimodal station where the financed metro line and other several public transport modes such as the Marmaray (connecting Europe to Asia), the metro line M1 leading to the airport, and a tramway will be linked in the future.
By a larger public transport coverage, by improving its interconnectivity, and by increasing the access to mobility, it is estimated that more than 1 million passengers will travel through Yenikapi and the financed extension will help avoiding the emission of an estimated 54 kilo tons of CO2. The Yenikapi multimodal station will also be home to valorize archaeological discoveries that have been unearthed during the works: The remains of the ancient Theodosis harbour (first port of Bysance), ships dating from the 7th and 11th century and the artefacts of Neolithic age will be exposed within the station and in a dedicated archeopark that the city expects building in the vicinity.
At the occasion of this project the existing cooperation since 2009 between Istanbul and Paris will be enhanced and could treat urban planning issues within broad transport projects. AFD will provide its support for these actions which could represent opportunities to proceed this partnership through sustainable urban projects.
In the scope of the energy efficiency week which will be held in Istanbul (WOW Convention Center) on the 10th and 11th of January, AFD has the pleasure to invite you to its side event on the presentation of its experience in financing district heating networks. This presentation will be made in cooperation with the French Economic Service and French experts at hall ARTEMIS between 2:30 pm and 4:00 pm on the 10th of January.
Program of the side event (attached): French experience in district heating network in Turkey: feasibility study, technology and funding models.
Mrs Cristina VALEAN, Project Director of Saunier et Associés
- How to evaluate the feasibility of a district heating network?
- What are the main criteria for making the decision on the construction of the district heating network?
M. Vincent AUMAITRE , Project Director of Dalkia in Turkey
- How do district heating networks work?
Mrs Laetitia DUFAY, Deputy Director of The French Agency of Development‘s office in Istanbul
- Financing heating networks : AFD’s experience