Ankara secures $500 million external financing for three major projects

Ankara Metropolitan Municipality Mayor Mansur Yavaş has announced the approval of approximately $500 million in long-term external financing for three significant projects planned for the capital city. This financial backing is expected to drive crucial infrastructure improvements.

Yavaş shared the news via his social media account, stating, "We have received long-term external financing approval of approximately $500 million for 3 major projects we have been working on for a long time." He detailed the allocation of these funds, emphasizing their role in enhancing essential services for the city's residents.

The approved financing will be directed towards several key areas. A substantial portion, $306.3 million, will be invested in the Tatlar Wastewater Treatment Plant. Additionally, $90 million will support drinking water investments in the districts of Güdül, Beypazarı, Ayaş, and Çayırhan. The remaining $84.4 million will be dedicated to reducing water loss and leakage across Ankara.

"May it be beneficial for our capital city," Yavaş concluded, expressing optimism about the projects' impact. This external financing marks a significant step in Ankara's development, addressing critical needs in water management and infrastructure.