Turkish Treasury denies Istanbul municipality funds for metro

The Turkish Treasury has refused requests by the Istanbul municipality for a loan to complete work on metro and tram lines that started two years ago, Turkish daily BirGün quoted Istanbul Mayor Ekrem İmamoğlu as saying.

İmamoğlu, whose victory in last year’s local elections in Turkey’s largest city was a major boost for the main opposition party, said his administration could have quickly finished work on the three lines if it had been provided with credit.

Work on a tram line between Eminönü and Alibeyköy and metro lines linking Bostancı and Dudullu and Yenidoğan and Hastane would drastically reduce travel times, with the Bostancı-Dudullu line reducing the commute by 21 minutes, journalist Özlem Güvemli wrote for Sözcü newspaper.

The Treasury denied that it had received any request for credit from the Istanbul municipality.