on Feb 26, 2026

HR&A Leads Workshop 1 of İzmir Metro Project III: Corporate Development Programme + Land Value Capture Study

Last month, HR&A Advisors was in İzmir, Türkiye to lead Workshop 1 of the İzmir Metro Project III: Corporate Development Programme (CDP) + Land Value Capture (LVC) Study. This workshop marked a major milestone, closing the inception phase and launching the project’s diagnostic and analytical work over the next 12 months.

 

About the Project 

The work is funded by the European Bank for Reconstruction and Development (EBRD) on behalf of İzmir Büyükşehir Belediyesi and İzmir Metro A.Ş. HR&A delivered this workshop in coordination with consortium partner MC Mobility Consultants and local support teams Needs Map Global and VALORISE. Subconsultants WRI Türkiye and Policy Analytics Lab joined for relevant LVC workstream sessions. 

 

 

Workshop Overview 

The 3-day workshop began with site visits to potential areas for urban regeneration around İzmir’s major transfer hubs and along the EBRD-financed Buca-Üçyol metro line. Site visits were followed by technical sessions for the CDP and LVC workstreams over the next two days. 

 

As consortium leader, HR&A leads the LVC workstream together with Needs Map Global, building on our earlier LVC study with the EBRD for Ankara Metropolitan Municipality. 

 

Land Value Capture Focus 

During Workshop 1, LVC technical sessions explored how İzmir can strengthen the connection between transit investment, citywide planning, and urban regeneration to unlock land value—and how that value can be translated into sustainable funding sources for future metro investments. If the public sector remains passive, this value accrues entirely to private landowners and developers as windfall profit, leaving taxpayers to shoulder infrastructure costs. 

 

We grounded this discussion in İzmir’s current conditions and the set of tools and enabling steps that can realistically be advanced in Türkiye’s institutional and market context. 

 

Corporate Development Programme 

In parallel, CDP sessions delivered by MC Mobility Consultants and VALORISE advanced shared priorities around operational performance, asset governance, and long-term financial sustainability, establishing the foundation for the project’s improvement roadmap. 

 

HR&A is proud to support the EBRD and İzmir counterparts in their work to improve urban transit and regeneration for İzmir’s residents. Special thanks to İzmir Büyükşehir Belediyesi, İzmir Metro A.Ş., and İzmir Planlama Ajansı for their hospitality, active engagement, and commitment to making this workshop a success.