$125m to boost waste recycling projects in Turkey

Waste recycling projects in Turkey will receive a share of $125 million (£80m). The European Bank for Reconstruction and Development (EBRD) has launched a programme to finance projects which aim […]

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By Jacqueline Echevarria

Waste recycling projects in Turkey will receive a share of $125 million (£80m).

The European Bank for Reconstruction and Development (EBRD) has launched a programme to finance projects which aim to reduce waste and increase resource efficiency in the country.

The Near-Zero Waste scheme expects to fund up to 12 projects such as waste recycling infrastructure, biomass and biogas facilities.

It will also finance technologies which reduce packaging waste and the use of alternative fuels in industries.

The loan is also supported by the Clean Technology Fund and the EU with $20 million (£12.8m) and $2.18 million (£1.39m) respectively.

Jean-Patrick Marquet, EBRD Director for Turkey said: “With our new Near-Zero Waste programme we aim to advance the circular economy in Turkey and kick-start the market of sustainable waste management. Together with our partners, the Clean Technology Fund and the EU, we will encourage Turkish businesses and municipalities to develop waste minimisation projects which we will support with finance and advice.”