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        SCIENCE AND RESEARCH PROMOTION

        Signature(s)

        Amount
        € 400,000,000
        Countries
        Sector(s)
        Türkiye : € 400,000,000
        Services : € 400,000,000
        Signature date(s)
        27/07/2007 : € 400,000,000

        Summary sheet

        Release date
        2 April 2007
        Status
        Reference
        Signed | 27/07/2007
        20050383
        Project name
        Promoter - financial intermediary
        Science and Research Promotion
        TÜBITAK
        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        Approximately EUR 250 million, to be appraised.
        Between EUR 500 million and EUR 1 billion, to be appraised.
        Location
        Sector(s)
        Description
        Objectives

        The purpose of the proposed loan is to co-finance, via the Undersecretariat of the Treasury, Turkey's national contribution to the science and research programmes implemented in particular through TUBITAK and several of its affiliated research institutes. Founded in 1963, TÜBITAK is an autonomous State agency responsible for designing, managing, financing and evaluating priority national science and technology programmes and basic and applied R&D projects in line with the national S&T policy targets determined by the country's Supreme Council of Science and Technology.

        Strenghtening Turkey's National Science and Research Capabilities.

        Environmental aspects
        Procurement

        The R&D activities concerned are thought not to materially change current Turkish R&D practice, and will be carried out within existing research facilities. To be verified during the appraisal.

        Transparency criteria and procedures for the allocation of financial resources from T�BITAK to R&D programmes and projects shall be in place. All projects funded shall be subject to procedures that should satisfy the Bank's requirements. This is to be verified during appraisal.

        Comments

        Science and Research.

        Disclaimer

        Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
        They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

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        Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
        Alternatively, the EIB can be contacted through its external offices.
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        Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

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        The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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