DOCSLIB.ORG

World Bank Document

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
World Bank Document Document of The World Bank FOR OFFICIAL USE ONLY Public Disclosure Authorized Report No: 36341-TR PROJECT APPRAISAL DOCUMENT ON A Public Disclosure Authorized PROPOSED LOAN IN THE AMOUNT OF EURO 205 MILLION (US$269.4 MILLION EQUIVALENT) TO THE TURKIYE ELEKTRIK DAGITIM A.S. (TEDAS) WITH THE GUARANTEE OF THE REPUBLIC OF TURKEY Public Disclosure Authorized FOR AN ELECTRICITY DISTRIBUTION REHABILITATION PROJECT March 26, 2007 Sustainable Development Unit Europe and Central Asia Region Public Disclosure Authorized (EC S S D) This document has a restricted distribution and may be used by recipients only in the performance of their official duties. Its contents may not otherwise be disclosed without World Bank authorization. CURRENCY EQUIVALENTS (Exchange Rate Effective February 28,2007) Currency Unit = New Turkish Lira (YTL) YTL 1.4 = US$1 US$ 1.31 = €1 FISCAL YEAR January 1 - December 31 ABBREVIATIONS AND ACRONYMS APL Adaptable Program Loan BOOS Build Own and Operate Power Plants BOTAS BORU HATLARI ILE PETROL TASIMA A.S. (Turkish Pipeline nd Petroleum Tran mission Company) BOTS Build Operate and Transfer Power Plants CAS Country Assistance Strategy CFAA Country Financial Accountability Assessment DISCO(s) Distribution company(ies) formed by restructuring TEDAS DSI Devlet Su Ivleri (State Hydraulic Works) EA Environmental Assessment EC European Commission ECSEE Energy Community of South Eastern Europe EIA Environmental Impact Assessment EIB European Investment Bank EML Electricity Market Law, No. 4628, 2001 EMP Environmental Management Plan EMRA Energy Market Regulatory Authority EPDK Enerji Piyasasi Duzenleme Kurumu (EMRA in Turkish) ERP Enterprise Resource Planning program EU European Union EUAS Elektrik Uretim A,$. (Electricity Generation Corporation, Turkey) GENCO(s) Portfolio generating companies to be created from the restructuring of EUAS IBRD International Bank for Reconstruction and Development IDA International Development Association IFC International Finance Corporation LNG Liquefied Natural Gas MENR Ministry of Energy and Natural Resources MOEF Ministry of Environment & Forestry MOF Ministry of Finance PA Privatization Administration PPA Power Purchase Agreement PPIAF Public-Private Infrastructure Advisory Facility SEE State Economic Enterprise SIL Specific Investment Loan SPO State Planning Organization TEAS Turkiye Elektrik A,$. (Turkish Electricity Corporation, Predecessor of EUAS and TEIAS) TEDAS Turkiye Elektrik Dagitim A.S. (Turkish Electricity Distribution Corporation) TEK Turkiye Elektrik Kurumu (Turkish Electricity Corporation, Predecessor of existing Corporations) TEIAS Turkiye Elektrik Iletim A.S. (Turkish Electricity Transmission Corporation) UCTE Union for the Coordination ofTransmission of Electricity in Europe Vice President: Shigeo Katsu Country Director: Ulrich Zachau Sector Manager: Charles Feinstein Task Team Leader: Sameer Shukla FOR OFFICIAL USE ONLY TURKEY Electricity Distribution Rehabilitation Project CONTENTS Page A . STRATEGIC CONTEXT AND RATIONALE .................................................................. 5 1. Country and sector issues .................................................................................................... 5 2 . Rationale for Bank involvement .......................................................................................... 9 3 . Higher level objectives to which the project contributes .................................................. 10 B . PROJECT DESCRIPTION................................................................................................ 10 1. Lending instrument ........................................................................................................... -10 2 . Project development objective and key indicators ............................................................ 10 3 . Project components ............................................................................................................ 10 4 . Lessons learned and reflected in the project design .......................................................... 11 5 . Alternatives considered and reasons for rejection ............................................................. 12 C . IMPLEMENTATION ........................................................................................................ -13 1. Partnership arrangements (if applicable) ........................................................................... 13 2 . Institutional and implementation arrangements ................................................................ 13 3 . Monitoring and evaluation of outcomes/results ................................................................ 14 4 . Sustainability ..................................................................................................................... 14 5 . Critical risks and possible controversial aspects ............................................................... 14 6 . Loadcredit conditions and covenants ............................................................................... 16 D . APPRAISAL SUMMARY .................................................................................................. 17 1. Economic and financial analysis ....................................................................................... 17 2 . Technical ........................................................................................................................... 19 3 . Fiduciary ............................................................................................................................ 20 4 . Social ................................................................................................................................. 20 5 . Environment ...................................................................................................................... 21 6 . Safeguard policies .............................................................................................................. 21 7 . Policy Exceptions and Readiness ...................................................................................... 21 This document has a restricted distribution and may be used by recipients only in the performance of their official duties . Its contents may not be otherwise disclosed without World Bank authorization . Annex 1: Country and Sector or Program Background.......................................................... 22 Annex 2: Major Related Projects Financed by the Bank and/or other Agencies ..................29 Annex 3: Results Framework and Monitoring......................................................................... 32 Annex 4: Detailed Project Description ...................................................................................... 35 Annex 5: Project Costs ................................................................................................................ 46 Annex 6: Implementation Arrangements .................................................................................. 47 Annex 7: Financial Management and Disbursement Arrangements ..................................... 50 Annex 8: Procurement Arrangements ....................................................................................... 57 Annex 9: Economic and Financial Analysis .............................................................................. 62 Annex 10: Safeguard Policy Issues............................................................................................. 78 Annex 11: Project Preparation and Supervision ...................................................................... 81 Annex 12: Documents in the Project File .................................................................................. 82 Annex 13: Statement of Loans and Credits............................................................................... 83 Annex 14: Country at a Glance .................................................................................................. 86 Annex 15: Map IBRD 34858 ...................................................................................................... 88 TURKEY ELECTRICITY DISTRIBUTION REHABILITATION PROJECT PROJECT APPRAISAL DOCUMENT EUROPE AND CENTRAL ASIA ECSSD Date: March 26, 2007 Team Leader: Sameer Shukla Country Director: Ulrich Zachau Sectors: Power (100%) Sector ManagerDirector: Charles Feinstein Themes: Other urban development; Infrastructure services for private sector development Project ID: PO96801 Environmental screening category: Partial Assessment Lending Instrument: Specific Investment Loan Project Financing Data [XI Loan [ ] Credit [ 3 Grant [ ] Guarantee [ 3 Other: Source Local Foreign Total Borrower 75.00 0.00 75.00 International Bank for Reconstruction and 126.90 142.50 269.40 Development Total: 20 1.90 142.50 344.40 Borrower: TURKIYE ELEKTRIK DAGITIM A.S. (TEDAS) Inonu Blv. No: 27, Bahqelievler Ankara Turkey Tel: (90-3 12) 2 13-7804 Fax: (90-3 12) 2 15-7275 Responsible Agency: TURKIYE ELEKTRIK DAGITIM A.S. (TEDAS) Inonu Blv. No: 27, Bahqelievler Ankara Turkey FY 2007 2008 2009 2010 2011 2012 2013 0 0 Annual 0.00 20.00 50.00 60.00 70.00 40.00 29.40 0.00 0.00 Cumulative 0.00 20.00 70.00 130.00 200.00 240.00 269.40 269.40 269.40 Project implementation period: Start September 3,2007 End: June 29,2012 Expected effectiveness date: April 30, 2007 Expected closing date: December 3 1, 20 12 Does the project depart from the CAS in content or other significant respects? [ ]Yes [XINO Ref: PAD A.3 Does the project
Load more

Recommended publications
  • Genome Size Variation Among Natural Populations of Brachypodium Distachyon and B
    Turkish Journal of Botany Turk J Bot (2019) 43: 196-207 http://journals.tubitak.gov.tr/botany/ © TÜBİTAK Research Article doi:10.3906/bot-1807-96 Genome size variation among natural populations of Brachypodium distachyon and B. hybridum collected from different regions of Turkey 1, 2 2 Gülsemin SAVAŞ TUNA *, İsmet BAŞER , Metin TUNA 1 Tekirdağ Anatolian High School, Tekirdağ, Turkey 2 Department of Field Crops, Faculty of Agriculture, Namık Kemal University, Tekirdağ, Turkey Received: 30.07.2018 Accepted/Published Online: 05.01.2019 Final Version: 07.03.2019 Abstract: Brachypodium distachyon (L.) P.Beauv. is a model grass species that is useful for studying temperate cereal, forage, and energy crops. In this study we aimed to determine the genome size and species identity in the collections of the B. distachyon complex that included samples from 56 different locations in Turkey, applying chromosome counting and nuclear genome size evaluation by flow cytometry method (FCM). Moreover, the study examined whether diverse geographical conditions at the collecting sites influence the genome size. Chromosomal analysis revealed that the number of B. distachyon (x = 5, 2n = 10) genotypes was 48 and the number of B. hybridum (x = 5 + 10, 2n = 30) ones was 11. No genotypes of B. stacei were found. FCM analyses revealed that the minimum and maximum genome size of B. distachyon was 0.732 and 0.752 pg2C–1, respectively. The mean genome size of B. distachyon was 0.743 pg2C–1. The mean genome size of B. hybridum was 1.431 pg2C–1 with the minimum 1.417 pg2C–1 and maximum 1.451 pg2C–1.
    [Show full text]
  • Yeni Bir Gelecek!
    ...yeni bir gelecek! 2017 FAALİYET RAPORU ALTERNATİF BANK 2017 FAALİYET RAPORU İÇİNDEKİLER SUNUŞ 04 Vizyonumuz, Misyonumuz ve Stratejimiz 78 Teftiş Kurulu Başkanlığı 06 Olağan Genel Kurul Gündemi 79 Genel Kurul’a Sunulan Özet Yönetim Kurulu Raporu Birlikte Hep İleri… 07 Banka’nın, Yönetim Kurulu Başkan ve Üyeleri, Denetim 80 Organizasyon Şeması Kurulu Üyeleri ile Genel Müdür ve Yardımcılarının Varsa 82 Banka’nın Dahil Olduğu Risk Grubu İle İlgili Açıklama ve Banka’da Sahip Oldukları Paylara İlişkin Açıklamalar Dipnotlar 26 yıl önce çıktığımız yolculuğa, 2013 yılından 08 Sermaye ve Ortaklık Yapısı 82 Kâr Dağıtım Politikası 09 Alternatif Bank’ın %100 Hissedarı The Commercial Bank 83 2017 Yılı İçinde Yapılan Bağış ve Yardımlar ile Sosyal bu yana eşlik eden The Commercial Bank’la (P.S.Q.C.) Hakkında Sorumluluk Projeleri Çerçevesinde Yapılan Harcamalara 10 Alternatif Bank’ın Tarihsel Gelişimi ve Sektördeki Konumu İlişkin Bilgiler bütünleşmemiz 2017 yılında tamamlandı. 11 Finansal Göstergeler 83 Yönetim Kurulu ve Üst Yönetim’e Ödenen Ücretler 12 Kilometre Taşları 84 İç Sistemler Kapsamındaki Yöneticiler Bankamızın %100 The Commercial Bank iştiraki 14 2017 Yılından Satırbaşları 84 Bağlılık Raporu 16 Yönetim Kurulu Başkanı’nın Mesajı 85 Bankaların Destek Hizmeti Almalarına İlişkin Yönetmelik olmasıyla başlayan süreç yepyeni iş birliği 18 Genel Müdür’ün Mesajı Uyarınca Destek Hizmeti Alınan Faaliyetler 86 Yıllık Faaliyet Raporu Uygunluk Görüşü fırsatlarının önünü açıyor. 87 2017 Yılı Faaliyet Raporu’na İlişkin Sorumluluk Beyanı 2017 YILI FAALİYETLERİ 88 Yıl İçerisinde Olağanüstü Genel Kurul Toplantısı Yapılmışsa, 22 Kurumsal Bankacılık Toplantının Tarihi, Toplantıda Alınan Kararlar ve Buna İlişkin Geleceğimize heyecanla bakarken, 28 Ticari ve KOBİ Bankacılığı Yapılan İşlemler de Dâhil Olmak Üzere Olağanüstü Genel 32 Bireysel Bankacılık Kurul’a İlişkin Bilgiler 34 Hazine Grubu artık değişim zamanı diyoruz….
    [Show full text]
  • Analyzing the Aspects of International Migration in Turkey by Using 2000
    MiReKoc MIGRATION RESEARCH PROGRAM AT THE KOÇ UNIVERSITY ______________________________________________________________ MiReKoc Research Projects 2005-2006 Analyzing the Aspects of International Migration in Turkey by Using 2000 Census Results Yadigar Coşkun Address: Kırkkonoaklar Mah. 202. Sokak Utku Apt. 3/1 06610 Çankaya Ankara / Turkey Email: [email protected] Tel: +90. 312.305 1115 / 146 Fax: +90. 312. 311 8141 Koç University, Rumelifeneri Yolu 34450 Sarıyer Istanbul Turkey Tel: +90 212 338 1635 Fax: +90 212 338 1642 Webpage: www.mirekoc.com E.mail: [email protected] Table of Contents Abstract....................................................................................................................................................3 List of Figures and Tables .......................................................................................................................4 Selected Abbreviations ............................................................................................................................5 1. Introduction..........................................................................................................................................1 2. Literature Review and Possible Data Sources on International Migration..........................................6 2.1 Data Sources on International Migration Data in Turkey..............................................................6 2.2 Studies on International Migration in Turkey..............................................................................11
    [Show full text]
  • Post-Late Cretaceous Rotational Evolution of Neotethyan Sutures Around Ankara Region
    POST-LATE CRETACEOUS ROTATIONAL EVOLUTION OF NEOTETHYAN SUTURES AROUND ANKARA REGION A THESIS SUBMITTED TO THE GRADUATE SCHOOL OF NATURAL AND APPLIED SCIENCES OF MIDDLE EAST TECHNICAL UNIVERSITY BY MURAT ÖZKAPTAN IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE DEGREE OF DOCTOR OF PHILOSOPHY IN GEOLOGICAL ENGINEERING JANUARY 2016 Approval of the thesis: POST-LATE CRETACEOUS ROTATIONAL EVOLUTION OF NEOTETHYAN SUTURES AROUND ANKARA REGION submitted by MURAT ÖZKAPTAN in partial fulfillment of the requirements for the degree of Doctor of Philosophy in Geological Engineering Department, Middle East Technical University by, Prof. Dr. Gülbin Dural Ünver _____________________ Dean, Graduate School of Natural and Applied Sciences Prof. Dr. Erdin Bozkurt _____________________ Head of Department, Geological Engineering Prof. Dr. Nuretdin Kaymakcı _____________________ Supervisor, Geological Engineering Dept., METU Assist. Prof. Dr. A. Arda Özacar. _____________________ Co-Supervisor, Geological Engineering Dept., METU Examining Committee Members: Prof. Dr. Erdin Bozkurt _____________________ Geological Engineering Dept., METU Prof. Dr. Nuretdin Kaymakcı _____________________ Supervisor, Geological Engineering Dept., METU Prof. Dr. Kadir Dirik _____________________ Geological Engineering Dept., HÜ Prof. Dr. Hasan Sözbilir _____________________ Geological Engineering Dept., DEÜ Assist. Prof. Dr. Erman Özsayın _____________________ Geological Engineering Dept., HÜ Date: 27.01.2016 I hereby declare that all information in this document has been obtained and presented in accordance with academic rules and ethical conduct. I also declare that, as required by these rules and conduct, I have fully cited and referenced all material and results that are not original to this work. Name, Surname: Murat ÖZKAPTAN Signature: iv ABSTRACT POST-LATE CRETACEOUS ROTATIONAL EVOLUTION OF NEOTETHYAN SUTURES AROUND ANKARA REGION Özkaptan, Murat Ph.D., Department of Geological Engineering Supervisor: Prof.
    [Show full text]
  • Participation Banks 2019
    PARTICIPATION BANKS 2019 CONTENTS Bu PDF belge size daha rahat bir navigasyon imkanı sunmak için kodlanmıştır. İçindekilerde yer alan konu başlıklarına tıklayarak, üst menü navigasyonunu ve ileri‑geri oklarını kullanarak ilgili bölümlere ulaşabilirsiniz. Sayfa üstlerinde yer alan üç çizgiye tıklayarak içindekilere geri dönebilirsiniz. ESTABLISHED IN SECRETARY GENERAL E‑MAIL 2002 Osman AKYÜZ [email protected] MEMBERS AUDITORS WEBSITE Participation banks operating in Turkey Süleyman SAYGI‑İsmail GERÇEK www.tkbb.org.tr/en CHAIRMAN HEAD OFFICE Metin ÖZDEMİR Saray Mahallesi, Dr. Adnan Büyükdeniz Ziraat Katılım Bankası A.Ş. Caddesi Akofis Park C Blok No: 8 Kat: 8 BOARD MEMBERS 34768 Ümraniye/İstanbul Albaraka Türk Katılım Bankası A.Ş. Türkiye Emlak Katılım Bankası A.Ş. PHONE Kuveyt Türk Katılım Bankası A.Ş. +90 216 636 95 00 (PBX) Türkiye Finans Katılım Bankası A.Ş. Vakıf Katılım Bankası A.Ş. FAX Ziraat Katılım Bankası A.Ş. +90 216 636 95 49 PARTICIPATION BANKS 2019 1 INTRODUCTION 2 PARTICIPATION BANKS 2019 PARTICIPATION BANKS 2019 3 PARTICIPATION BANKS ASSOCIATION OF TURKEY IN BRIEF The Participation Banks Association of banking regulations, principles and Turkey (TKBB), headquartered in İstanbul rules, to work for the healthy growth of THE FOUNDATIONS OF and established in accordance with the the banking system and development THE TKBB, THE UMBRELLA Banking Act, is a professional public of the banking profession, increase ORGANIZATION OF THE institution of legal personality. competitiveness, ensure that necessary PARTICIPATION BANKS decisions are taken, implemented and OPERATING IN TURKEY, The foundations of the TKBB, demand to be implemented for the the umbrella organization of the creation of a competitive environment.
    [Show full text]
  • The Importance of Natural and Cultural Heritage in Tourism: a Case of Cappadocia
    УПРАВЛЕНИЕ И ОБРАЗОВАНИЕ MANAGEMENT AND EDUCATION TOMV (1) 2009 VOL. V (1) 2009 THE IMPORTANCE OF NATURAL AND CULTURAL HERITAGE IN TOURISM: A CASE OF CAPPADOCIA Hatice Ipek, Ceyda Melek Ceseroglu, Cevdet Avcikurt ЗНАЧЕНИЕТО НА ПРИРОДНОТО И КУЛТУРНО НАСЛЕДСТВО В ТУРИЗМА: КАПАДОКИЯ Хатидже Ипек, Сейда Мелек Чесеролу, Джевдет Авчикурт ABSTRACT: Apart from its interesting geological formation, Cappadocia has a place among the worlds rare natural and cultural centres, with its fairy chimneys, the settlements carved into the fairy chimneys, its un- derground cities, its rock churches and other beautiful elements Cappadocia, registered as “Göreme National Park of Nature and History” as number 177 in the list of “The Worlds Natural and Cultural Heritage” has its well earned place with its natural structure and its cultural di- versity. In this museum there are great number of rock hewn churches, monasteries and refectories. One can see the church that has been opened in 1967, monasteries, a mosque, tunnels and rock hewn homes in the Zelve Open Air Museum. The mosaics of the antique city of Sobessos, discovered only two years ago, the excavation of which is still being continued by the Museum of Nevşehir is one of the last surprises for those visiting Cappado- cia. Also, Cappadocia, renowned for its pottery and of course for its wine, is a region to which every visitor wishes to return again and again. In this region which is a well-known destination by international tourists, there are some weaknesses and various problems with regard to tourism, alongside its many beauties. The purpose of this study is first to intro- duce Cappadocia in terms of its geological formation, historical and cultural structure and natural beauty.
    [Show full text]
  • 1 Comparative Dynamic Analysis of Commercial
    COMPARATIVE DYNAMIC ANALYSIS OF COMMERCIAL BANKS’ BEHAVIORAL PATTERNS IN RUSSIA AND TURKEY Fuad Aleskerov a,b*, Veronika Belousova c, Hasan Ersel d, Alexander Ovcharov c, Esra Ozgur e, Maria Serdyuk c, Vasily Solodkov c,f a Department of Mathematics, State University – Higher School of Economics (SU-HSE), 20, Myasnitskaya street, Moscow, 101000, Russia, [email protected] b Russian Academy of Science, Institute of Control Science, Moscow, Russia c SU-HSE, Moscow, Russia d Sabanci University, Istanbul,Turkey e Economic Research Department, Isbank, Istanbul, Turkey f Banking Institute,Moscow, Russia Abstract: The paper presents a pattern behavioral analysis of Russian commercial banks and Turkish deposit banks during a four-years period: from the second quarter 2004 to the second quarter 2008. Banks’ performance indicators are analyzed. Structural similarities of banks’ development are examined. A cluster analysis is applied to determine banks with the similar structure of operations. This analysis allows to estimate how the structure of the Russian banking sector in comparison with the Turkish one has been changing over time. In particular, it allows to identify prevailing behavioral patterns of Russian commercial banks and Turkish deposit banks and to analyze stability of banks’ position in a particular pattern in a country. JEL classification: C61, G21, O16 Keywords: Bank, dynamic pattern analysis, cluster analysis. * Corresponding author 1 1. INTRODUCTION The bank operations are very significant in order to make the economy generally operate properly. The services such as the provision of safe deposit facilities for money, the provision of credit and the provision of efficient money transmission services, i.e., the uninterrupted provision of payment facilities are essential and important for continuity of banking services to the economy.
    [Show full text]
  • Istanbul International Financial Centre Feasibility Study
    Istanbul International Financial Centre Feasibility Study October 2007 ABN AMRO Bank N.V. - Adabank A.Ş. - Akbank T.A.Ş. - Alternatif Bank A.Ş. - Anadolubank A.Ş. - Arap Türk Bankası A.Ş. - Banca di Roma S.P.A. - Bank Mellat - BankPozitif Kredi ve Kalkınma Bankası A.Ş. - Birleşik Fon Bankası A.Ş. - Calyon Bank Türk A.Ş. - Citibank A.Ş. - Çalık Yatırım Bankası A.Ş. - Denizbank A.Ş. - Deutsche Bank A.Ş. - Diler Yatırım Bankası A.Ş. - Finans Bank A.Ş. - Fortis Bank A.Ş. - GSD Yatırım Bankası A.Ş. - Habib Bank Limited - HSBC Bank A.Ş. - Đller Bankası - ĐMKB Takas ve Saklama Bankası A.Ş. - JPMorgan Chase Bank N.A. - Merrill Lynch Yatırım Bank A.Ş. - Millennium Bank A.Ş. - Nurol Yatırım Bankası A.Ş. - Oyak Bank A.Ş. - Société Générale (SA) - Şekerbank T.A.Ş. - Taib Yatırım Bank A.Ş. - Tekfenbank A.Ş. - Tekstil Bankası A.Ş. - Turkish Bank A.Ş. - Turkland Bank A.Ş. - Türk Ekonomi Bankası A.Ş. - Türk Eximbank - Türkiye Cumhuriyeti Ziraat Bankası A.Ş. - Türkiye Garanti Bankası A.Ş. - Türkiye Halk Bankası A.Ş. - Türkiye Đş Bankası A.Ş. - Türkiye Kalkınma Bankası A.Ş. - Türkiye Sınai Kalkınma Bankası A.Ş. - Türkiye Vakıflar Bankası T.A.O. - WestLB AG - Yapı ve Kredi Bankası A.Ş. This report is prepared by Deloitte Consulting on behalf of the Banks Association of Turkey. The Banks Association of Turkey October, 2007 Contents Executive Summary................................................................ i Volume I: Summary of Findings............................................. 1 1. Context and conclusion 2 2. Istanbul’s position relative to selected competitors 13 3. Strategic positioning 32 4.
    [Show full text]
  • Acquisition of Denizbank AS Building Sberbank’S International Platform
    Acquisition of DenizBank AS Building Sberbank’s International Platform 13 June 2012 © Investor Relations, SBERBANK Disclaimer This presentation has been prepared by Sberbank of Russia (the “Bank”) and has not been independently verified. This presentation does not constitute or form part or all of, and should not be construed as, any offer of, or any invitation to sell or issue, or any solicitation of any offer to purchase, subscribe for, underwrite or otherwise acquire, or a recommendation regarding, any shares or other securities representing shares in, or any other securities of the Bank, or any member of the Bank‟s group, nor shall it or any part of it nor the fact of its presentation or distribution form the basis of, or be relied on in connection with, any contract or any commitment whatsoever or any investment decision. The information in this presentation is confidential and is being provided to you solely for your information and may not be reproduced, retransmitted or further distributed to any other person or published, in whole or in part, for any purpose. This presentation is not an offer of securities for sale in the United States nor shall it or any part of it form the basis of or be relied on in connection with any contract or commitment whatsoever. The Bank has not registered and does not intend to register any shares, or other securities representing shares, in the United States or to conduct a public offering of any securities in the United States. The shares, or other securities representing shares, may not be offered or sold in the United States except pursuant to an exemption from, or transaction not subject to, the registration requirements of the US Securities Act of 1933, as amended.
    [Show full text]
  • Turkey – Istanbul & Cappadocia
    Turkey – Istanbul & Cappadocia 10 days Tour Description Explore the land where east meets west on this 10 day trip to Istanbul and the unusual landscape of the Cappadocia region. Explore bustling markets filled with exotic wares, beautiful mosques full of decorative tiles, Oriental carpets and other treasures. Enjoy boat journeys gliding past lovely countryside views and skylines filled with mansions and palaces. Partake in traditional Turkish culture at a folk evening filled with the sights, sounds and tastes of the country. Highlights Tour the magnificent Blue Mosque Shop the fabulous Grand Bazaar Visit to the Egyptian Spice Market Boat cruise between Europe and Asia viewing palaces, mansions and villas Turkish Night experience of Turkish food, music and folk groups Explore Derinkuyu, the underground city of Cappadocia Visit the town of Avanos, famous for its earthenware pottery Sample Tour Itinerary Istanbul – 6 nights Day 1: Arrive Istanbul Arrive in Istanbul, the city that spans two continents, Europe and Asia. Transfer to your hotel. Brief orientation followed by a free day to enjoy at your own leisure. Day 2: Full day tour takes you through the splendid attractions of Istanbul. Visit St. Sophia, the most magnificent Byzantine Church. It was a mosque during the Ottoman period and a museum today. See the Byzantine Hippodrome, the former center for sports and political activities of Constantinople. View the Obelisk of Theodisius from Egypt, the Serpentine Column and the German Fountain of Wilhelm II. The Blue Mosque stands out as a magnificent 17th century Mosque famous with its six minarets and 25,000 pieces of blue Iznik tiles decorating the interior.
    [Show full text]
  • Istanbul to Cappadocia Fly to Kayseri. Transfer from The
    Tour Option 5: 3 Nights 4 Days Cappadocia Day 1 - Istanbul to Cappadocia Fly to Kayseri. Transfer from the airport to Urgup. Overnight in Cappadocia. Day 2 Begin the day in Devrent Valley, followed by Zelve Open Air Museum, one of the most impressive monastery complexes in the area. Next, visit Pasabag (also known as Monk's Valley), followed by a short drive to Avanos, a village situated on the banks of Kizilirmak River, famous for its clay pottery. After a lunch break there, where you can also participate hands-on in a pottery work shop, you will proceed to the Goreme Open Air Museum, featuring the most impressive of all rock-carved churches in Cappadocia. The last stop-off will be at Uchisar Village, located next to a natural Citadel. Overnight in Cappadocia. Day 3 The day's first stop-off is at Red Valley, presenting an opportunity to hike through orchards and vineyards, between fairy chimneys and rock-carved houses. Continue the walk in Rose Valley. Afterwards, visit the old Christian Village of Cavusin. Following a lunch break, visit Pigeon Valley, so named after the hundreds of little windows carved into the rocks to attract nesting pigeons. Then visit Kaymakli Underground City, Ortahisar Castle and Mustafapasa Village, an old Greek village also known as Sinasos. Overnight in Cappadocia. Day 4 Depart from your hotel,for Derinkuyu Underground City to visit the huge refugee settlement carved by early christians,where they could hide from persecutors. From Derinkuyu continue to the beautiful valley of Ihlara, formerly known as Peristerema. Explore the famous rock-cut churches and hike 4 km through the valley.
    [Show full text]
  • World Bank Document
    Document of The World Bank FOR OFFICIAL USE ONLY Public Disclosure Authorized Report No. 42026-TR INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT INTERNATIONAL FINANCE CORPORATION MULTILATERAL INVESTMENT GUARANTEE AGENCY Public Disclosure Authorized COUNTRY PARTNERSHIP STRATEGY WITH THE REPUBLIC OF TURKEY FOR THE PERIOD FY 2008-2011 January 25,2008 Public Disclosure Authorized Turkey Country Management Unit Europe and Central Asia Region International Finance Corporation Central and Eastern Europe Department Multilateral Investment Guarantee Agency This document has a restricted distribution and may be used by recipients only in the performance of their official duties. Its contents may not otherwise be disclosed without World Bank Public Disclosure Authorized authorization. DATE OF LAST CAS - PROGRESS REPORT (November 8,2005) CURRENCY EQUIVALENTS (Exchange rate as ofDecember 3 1,2007) Currency Unit = YTL US$l.OO = YTL 1.16 FISCAL YEAR January 1 - December 31 ABBREVIATIONS AND ACRONYMS AAA Analytical and Advisory Activities IPARD Instrument for Pre-Accession for BEEP EBRDiWorld Bank Business Rural Development Environment and Enterprise IPO Initial Public Offerings Performance Survey JPPR Joint Portfolio Performance Review CAD Current Account Deficit LI Local Initiative CAP Common Agricultural Policy M&E Monitoring & Evaluation CAE Country Assistance Evaluation MDG Millennium Development Goal CAS Country Assistance Strategy MIC Middle Income Country CAS CR Country Assistance Strategy MIGA Multilateral Investment Guarantee Completion
    [Show full text]