Term Sheet of 93 million Euros was signed between our Directorate and the French Development Bank (AFD) for Eminönü-Alibeyköy Tram Line Project.

Informing that 20 trains will be purchased for financing with a maturity of 12 years, with 2 years of grace period and 10 years of repayment, İmamoğlu gave the good news that they will open the part of the line between Cibali and Eminönü in December 2022

The Signing Ceremony was held in Balat with the participation of the Mayor of IMM Ekrem İmamoğlu, French Consul-Général Olivier Gauvin and Director of Operations of AFD Jean Pierre Marcelli.

Our Director PhD Rezzan Neslihan VURAL stated that she is happy with the signing term sheet and cost effective financing efforts will continue to improve the quality of the people of İstanbul.