12 March Thursday

The Istanbul City Council has taken a decision to Speed Up Investments

The Istanbul City Council gathered today at the Municipal Building in Saraçhane for a second session in March. The session was chaired by Mayor Ekrem İmamoğlu. The council discussed investments which were on hold.

The City Council has unanimously approved the loans to be used for the construction of Dudullu-Bostancı Metro Line, Eminönü-Alibeyköy Tramline and the Waste Incineration and Power Generation Facility. The decision will accelerate these three very significant investments for Istanbul.

The council has decided unanimously to approve the allocation of 188,325,000 Euros for the construction of Dudullu-Bostancı Metro line, 98,632,000 Euros for the construction of Eminönü-Alibeyköy Tramline and 150,000,000 Euros for the construction of the IMM Waste Incineration and Energy Generation Facility on long-term credit with low-interest rates.

CHP Group Spokesperson Mr. Tarık Balyalı took the floor and stated that the decision taken by the city council was very important for the long-delayed acceleration of investments and he thanked the AK Party, İYİ Party and MHP groups, who voted affirmatively for the investments.

The IMM is planning to open the Dudullu-Bostancı Line, which has been under construction for the last 2.5 years and is also a significant investment in terms of integrating two metro lines of the European Side, by the end of 2021.

The length of the Istanbul’s rail system will increase to 260 kilometers with the completion of the Mecidiyeköy - Mahmutbey Metro Line, which will be put into service on May 19, 2020, and the Eminönü–Alibeyköy Tramline, where construction work is currently being accelerated to meet the deadline by the end of the year. 

On the other hand, the “Waste Incineration and Energy Generation Facility”, which is the largest facility in Europe and neighboring states, announced that the IMM launched the building in the Işıklar District of Eyüp in 2017, which is a huge environmental investment for the city. With a total area of 8 hectares, a total of 1 million tons of waste will be disposed of annually, and 624 million kilowatt-hours of electricity will be produced at the facility.

With the facility coming into operation, electricity generation from waste will increase approximately 2.5 times. Thus, energy equivalent to the daily electricity needs of approximately 3 million people will be obtained from the waste of Istanbul. By using the solid waste disposed of at the facility, a total of 2 million tons of carbon emission will be prevented per year. This figure is comparable to the size of 3,500 football fields, and the amount of carbon that 1 million trees will hold in nature during their lifetimes.

Stating that they prioritize environmental investments, Mayor Ekrem İmamoğlu also examined several made by the IMM on their sites, emphasising that “The issue of waste is not just one minor thing, it is our national issue”.

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