Headed by EIB President Mr Philippe Maystadt, the EIB Board will meet on October 21 and on this occasion its members will have the opportunity to visit two projects financed by the Bank in Turkey: the Istanbul Earthquake risk mitigation and the Bosphorus Tunnel and commuter rail system.
The EIB and the European Investment Fund (EIF) will also announce and sign new financing for Turkey for a total lending of EUR 850 million and an additional EUR 25 million for guarantees. Details on these agreements, which will be directed to public and private sector investments,will be provided upon signature during the Forum.
The EIB has been active in Turkey for more than 45 years and works with both the public and private sector. Total lending between 2004 and 2008 came to EUR 8.3 billion.
The EIB forum Smart Growth for Turkey will provide for consultations with the political, academic and business environment of Turkey and other countries concerned on the theme. Mr Mehmet imek, Minister of Finance for Turkey, Mr Philippe de Fontaine Vive and Mr Mathias Kollatz-Ahnen, EIB Vice-Presidents will be amongst the keynote speakers for the Forum.
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