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Signature(s)

Amount
€ 250,000,000
Countries
Sector(s)
Türkiye : € 250,000,000
Telecom : € 250,000,000
Signature date(s)
15/04/2010 : € 100,000,000
12/05/2010 : € 150,000,000
Link to source
Data sheet
Other links
Summary sheet

Summary sheet

Release date
4 November 2008
Status
Reference
Signed | 15/04/2010
20080416
Project name
Promoter - financial intermediary
Broadband Turkey

Türk Telekomünikasyon A.S.

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Indicative amount of EUR 250 million.
Indicative amount of EUR 500 million.
Location
Sector(s)
Description
Objectives

The project concerns an increase in broadband capacity in Turkey by approximately 2 million lines.

The increase in broadband capacity will extend coverage and improve speed of existing coverage in a country where internet penetration levels are well below the EU average.

Environmental aspects
Procurement

If the project was located in the EU it would not fall under Annex I or II of EIA directive 85/337/EEC, amended by directives 97/11/EC and 2003/35/EC. Installation and operation of fixed networks equipment have limited residual environmental effects. Further details will be assessed during appraisal.

The promoter is a private company and the fixed line market has been liberalised since 2004. Therefore the promoter is not subject to public procurement procedures but may opt for other suitable procedures, which are in the interest of the project. The effectiveness of these procedures will be assessed during appraisal.

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).

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.

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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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