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        TOFAS NEW VEHICLE DEVELOPMENT

        Signature(s)

        Amount
        € 200,000,000
        Countries
        Sector(s)
        Türkiye : € 200,000,000
        Industry : € 200,000,000
        Signature date(s)
        4/03/2008 : € 50,000,000
        4/03/2008 : € 150,000,000

        Summary sheet

        Release date
        6 November 2007
        Status
        Reference
        Signed | 04/03/2008
        20070305
        Project name
        Promoter - financial intermediary
        Tofas New Commercial Vehicle Development
        Tofas Turk Otomobil Fabrıkası A.Ş. (Tofas)
        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        EUR 200 million.
        Aproximately EUR 400 million.
        Location
        Sector(s)
        Description
        Objectives

        The project, based on a Cooperation Agreement signed between the Promoter and Fiat Auto SPA, comprises the development, production and sale of a new light commercial vehicle.

        The project will replace an existing version of the light commercial vehicle from 2009 onwards. It will thus also support the substantial amount of research and development activities.

        Environmental aspects
        Procurement

        No EIA is required for this project. The EIB reviewed the promoter’s environmental procedures during appraisal.

        EU procurement legislation does not apply to the project. The Promoter’s. procurement procedures satisfy EIB’s procurement policy.

        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).

        General enquiries and comments

        The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
        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.
        Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

        Media enquiries

        Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

        Complaints mechanism

        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.

        Zero tolerance against fraud and corruption

        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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