World Bank Group Supports Resilient Municipal Infrastructure to Modernize Cities in Turkiye
Turkey, June 8 -- The World Bank Group approved a EUR 191.5 million (US$219.4 million) loan to Turkiye to modernize urban infrastructure and services in the fast-growing cities of Antalya and Konya, addressing a growing demand for public transport, clean water and sanitation, and efficient energy systems, while generating jobs along the way.The Green and Future Cities Project will be implemented through ?ller Bankas? A.?. (ILBANK) with the guarantee of the Republic of Turkiye. Turkiye's rapid urbanization has intensified demand for efficient and resilient municipal infrastructure. While fast-growing cities are central to the country's economy, many face constraints in accessing long-term financing for major investments to support people and...
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