OSB infrastructure development in Turkey from the World Bank $ 300 million in financial support

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According to the World Bank statement, within the framework of the project to be executed by the Ministry of Industry and Technology, “basic” (such as new roads, water and natural gas pipes, power lines and logistics facilities) and “green” (opportunities improved energy and water efficiency, advanced investments in wastewater infrastructure such as treatment facilities, energy efficient buildings, LED street lighting, renewable energy assets such as solar, wind and biomass).

Part of the loan financing will be used to improve the competitiveness of OIZs through innovation and investments in training centers that link OIZs with scientific and research institutions and academic institutions.

In the first component of the project, $ 290 million will be provided to support the infrastructure and enabling environment in order to increase the sustainability, competitiveness and efficiency of OIZ.

In addition, investments to be made in basic OIZ infrastructure, innovative green infrastructure in OIZ and OIZ innovation centers will be supported, creating a leverage effect for “green” solutions.

In the second component, $ 10 million in funding will be provided for technical assistance, capacity building, and project management.

Those whose views are included in the statement World Bank Country Director for Turkey, Auguste KouameHe pointed out that the new type of corona virus (Covid-19) epidemic made the need for the project more evident, which is of great importance to lay the foundations for a sustainable and green recovery process.

“Innovation hubs will increase the competitiveness of OIZs across the country, allowing companies operating in OIZs to maintain or deepen their participation in global value chains in the post-Covid-19 period,” Kouame said .


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