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    Signature(s)

    Amount
    € 175,000,000
    Countries
    Sector(s)
    Türkiye : € 175,000,000
    Industry : € 175,000,000
    Signature date(s)
    12/05/2006 : € 35,000,000
    12/05/2006 : € 140,000,000
    Link to source
    Data sheet
    Other links

    Summary sheet

    Release date
    20 June 2005
    Status
    Reference
    Signed | 12/05/2006
    20050248
    Project name
    Promoter - financial intermediary
    Tofas Turkey
    Tofas Turk Otomobil Fabrıkası A.Ş. (Tofas)
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 200m.
    Aproximately EUR 400m.
    Location
    Sector(s)
    Description
    Objectives

    The project, based on a Cooperation Agreement signed between the Promoter and PSA Peugeot-Citroën S.A. and Fiat Auto SPA, comprises the development, production and sale of small, entry-level, light commercial vehicles.

    The project uses existing capacity at Tofas’ Bursa plant to build on existing cooperation between Fiat and Peugeot in the sector.

    Environmental aspects
    Procurement

    No EIA is required for this project. The EIB reviewed the promoter’s environmental procedures during appraisal. In 1998, Tofas became the first Turkish car manufacturer to receive the ISO 14001 certificate, which it maintains to-date.

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

    Comments

    Manufacturing.

    Link to source
    Summary sheet
    Other links

    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).

    News & Stories

    Link to source
    Other links
    Data sheet
    Summary sheet

    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 Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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