Headline: EBRD Extends Loan to Nakkaş Motorway Investments for the Final Stretch of the North Marmara Highway

The European Bank for Reconstruction and Development (EBRD) is providing a €240 million A/B loan to Nakkaş Otoyol Yatırım ve İşletme A.Ş. in Turkey to finance the construction of the final section of the North Marmara Motorway (KMO) under the build-operate-transfer (BOT) model. According to the announcement, the debt financing package includes a €195 million A loan from the EBRD’s own account and a €45 million B loan syndicated to the Bank of China, alongside other parallel lending facilities. The project is supported by an experienced private investor consortium consisting of Turkey's Rönesans Holding and South Korean investors Samsung C&T Corporation, Korea Overseas Infrastructure and Urban Development Corporation (KIND), and KIAMCO PIS Infra Special Asset Investment Trust. Once completed, the motorway will provide significant travel time savings for users and contribute to economic activities by connecting the region's industrial zones. Elisabetta Falcetti, EBRD's Managing Director for Turkey and the Caucasus, stated, "We are proud to be involved in this crucial project for Turkey. The motorway will improve quality of life for city residents by easing some of the pressure on the infrastructure network, provide better connectivity to the wider region, and facilitate economic progress. Supporting the private sector and public-private partnerships is at the core of EBRD's country strategy for Turkey, and we are pleased to witness the signing of this significant project after years of preparation."