What is the EGO Bus Purchase Process?

EGO General Directorate of Ankara Metropolitan Municipality, 254 CNG buses, 28 diesel buses and 2 CNG Filling Stations as a result of negotiations with the European Bank for Reconstruction and Development (EBRD) in order to meet the transportation demands of the city people and expand the public transportation network in Ankara. signed a loan agreement on financing.

• Concept approval of the loan was received in November 2019. On 31.12.2019, a warrant and foreign borrowing decision and letter and authorization letter were signed to the EGO General Directorate of Ankara Metropolitan Municipality, and on 10.01.2020,Authority to Borrow”Was received.
• The investment in question was included in the Decision on the Adoption and Implementation of the Investment Program for 12.02.2020, published in the Official Gazette No. 31037 (repeated) dated 2020, provided that the final feasibility report was subsequently submitted.
• In accordance with the Law No. 4749 on Regulating Public Finance and Debt Management, a letter was written to the Ministry of Treasury and Finance to grant non-guaranteed foreign borrowing permits (21.02.2020-19.03.2020). The process here continues.
• The Technical, Social, Environmental and Financial feasibility report (to be submitted to the Presidency Strategy and Budget Directorate) prepared by the EBRD experts was submitted to the Presidency after delivery to our Institution (30.03.2020). The process here continues.

The process related to bus purchase continues as planned.