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Signature(s)

Amount
€ 300,000,000
Countries
Sector(s)
Türkiye : € 300,000,000
Services : € 300,000,000
Signature date(s)
22/10/2010 : € 300,000,000
Link to source

Summary sheet

Release date
31 May 2010
Status
Reference
Signed | 22/10/2010
20100205
Project name
Promoter - financial intermediary
TÜBITAK Research and Technology (Turkey) – Investment Loan

The Scientific and Technological Research Council of Turkey (TUBITAK)
Mr. Okan Kara
EU 7th Framework Programme National Coordinator
Ataturk Bulvari No. 221
06100 Kavaklidere Ankara Turkey
Phone : (+90 312) 427 2302
Fax : (+90 312) 427 4024
www.tubitak.gov.tr

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 300 million., to be verified during appraisal.
EUR 1 250 million., to be verified during appraisal.
Location
Sector(s)
Description
Objectives

The project would co-finance via the Undersecretariat of Treasury Turkey’s national contribution to eligible research and development programmes through the Scientific and Technological Research Council of Turkey (TÜBITAK). TÜBITAK runs a number of national science and technology programmes to which EIB funding will be directed.

To strengthen the research and innovation capacity in Turkey.

Environmental aspects
Procurement

The project will finance intangible scientific research activities as well as industrial R&D and innovation programmes. It will also include TÜBITAK’s R&D infrastructure and facilities programme. The exact components of the latter programme are unknown at this stage and will be examined at appraisal, along with any potential related need for an EIA.

Experience based on a previous project with TÜBITAK indicates that, in principle, all national R&D programmes and projects funded by TÜBITAK have been subject to appraisal, tendering and procurement procedures that satisfy the Bank’s requirements. This is to be confirmed during the appraisal.

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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.
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.

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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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