SPECIAL INTEREST RATE TARIFF FOR TRANSFORMATION

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Expressing that the process of urban transformation is very important, Prime Minister Binali Yıldırım stated that a special interest rate certificate will be passed on. Yıldırım "At present we are carrying out 191 urban transformation projects in total of 54.55 million square meters in area." 
The 5th of the Urban Transformation and Strategic Approaches Convention was held in Antalya. Prime Minister Binali Yıldırım, Minister of Environment and Urbanism Mehmet Özhaseki participated in the event, TOKI President Mehmet Ergün Turan and industry-leading firms took part. According to the news in Sabah Newspaper; Stating that the process of urban transformation is very important, Binali Yıldırım stated that a special interest tariff will be passed on. "From now on, public administrations will be able to carry out urban transformation with a protocol of cooperation between them, and our municipalities will be able to work with each other," said Yıldırım.

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Transformation Comes At A Special İnterest Rate
Yildirim said that the municipalities had some difficulties with regard to urban transformation and that "From the next year we will commission a very special interest rate regime for urban transformation and from now on public administrations will be able to carry out urban transformation with a cooperation protocol between them." Our municipalities will be able to work with each other. and now we have to reduce the expropriation burden on the camper.There is now a road from the place of nature and the value of the road passing by is increasing.Now there is such an application that the road is passing and the building where the road is passing is appreciated and the road is paid for the road. it is an unjust thing.If there is a surplus there is a fair share that is absolutely necessary.The transformation there, the beneficiaries of the profits should benefit from it. "
 
Living Cities To Be Built
Underlining that building-and-parcel-based transformation would encourage area-based transformation, Yıldırım emphasized that living cities should be made of living quarters and transformed with spirit. Minister of Environment and Urbanism Mehmet Özhaseki transferred the risk of exchange risk if necessary.
 
Özhaseki said, "We talked with the Minister of Finance and we will take steps for the financing of urban transformation and we will use credit from the World Bank, the European Investment Bank and the Islamic Development Bank for the financing of this business. 
 
Özhaseki pointed out that there is no infrastructure, no water, no electricity village, and that the fund in Iller Bank is used for transformation. Minister Ozhaseki stated that the biggest task in the urban transformation was to fall to the municipality, and he said that they would give credit to the municipalities that use local products for 0 year interest and for 2 years. Özhaseki used the expressions "We will recognize the same rights for companies who work for us".

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