Turkey Raises Iller Bank Capital to 250 Billion Lira; Approves Energy Expropriations
Presidential decrees published in the Official Gazette increase the municipal lender's capital and authorize urgent expropriations for three power transmission projects.
KEY POINTS
- Iller Bankasi capital raised to 250 billion TL by Presidential Decree No. 11856.
- Decree based on Article 4 of Law No. 6107; published in Official Gazette No. 33396.
- Urgent expropriations approved for Rumeli and Sarihoyuk transformer stations (Decrees 11858, 11859).
- Expropriation authorized for Konya North-IGA GES 400 kV transmission line (Decree 11860).
- TCDD assigned to transport humanitarian aid to Afghanistan by rail (Decree 11857).
President Recep Tayyip Erdogan signed a decree raising the capital of Iller Bankasi from its previous level to 250 billion Turkish lira. The decision, numbered 11856 and based on Article 4 of Law No. 6107, was published in the Official Gazette dated October 10, 2026, and took effect immediately.
The bank provides loans, financing, and technical support for infrastructure and superstructure investments of municipalities and other local administrations. The capital increase aims to strengthen its capacity to fund these projects.
“Iller Bankasi, başta belediyeler olmak üzere yerel yönetimlerin altyapı ve üstyapı yatırımlarının finansmanında önemli bir rol üstleniyor.”
Separately, three presidential decrees authorized the urgent expropriation of immovable properties for energy transmission infrastructure. The Turkish Electricity Transmission Corporation (TEIAS) will oversee the process for two transformer station sites and one transmission line.
Decrees 11858 and 11859 cover the 400/154 kV Rumeli and Sarihoyuk Havza Transformer Station projects respectively. Decree 11860 addresses the 400 kV Konya North-IGA GES Energy Transmission Line, where land for tower foundations will be expropriated as ownership and conductor corridors as easement rights.
All three energy decrees were dated October 9, 2026, and published the following day. Additional decrees in the same gazette tasked the state railway operator TCDD with transporting humanitarian aid to Afghanistan and approved expropriations for natural gas pipelines and oil exploration areas.
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